company background image
DHC

Diversified Healthcare Trust NasdaqGS:DHC Stock Report

Last Price

US$1.15

Market Cap

US$275.0m

7D

-12.9%

1Y

-67.0%

Updated

24 Sep, 2022

Data

Company Financials +
DHC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends1/6

DHC Stock Overview

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States.

Diversified Healthcare Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Diversified Healthcare Trust
Historical stock prices
Current Share PriceUS$1.15
52 Week HighUS$3.98
52 Week LowUS$1.11
Beta1.47
1 Month Change-31.14%
3 Month Change-41.92%
1 Year Change-66.95%
3 Year Change-87.63%
5 Year Change-94.12%
Change since IPO-93.13%

Recent News & Updates

Shareholder Returns

DHCUS REITsUS Market
7D-12.9%-6.2%-5.2%
1Y-67.0%-18.5%-23.0%

Return vs Industry: DHC underperformed the US REITs industry which returned -18.6% over the past year.

Return vs Market: DHC underperformed the US Market which returned -23.1% over the past year.

Price Volatility

Is DHC's price volatile compared to industry and market?
DHC volatility
DHC Average Weekly Movement7.1%
REITs Industry Average Movement3.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: DHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: DHC's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aMintzer Francishttps://www.dhcreit.com

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company that is headquartered in Newton, MA.

Diversified Healthcare Trust Fundamentals Summary

How do Diversified Healthcare Trust's earnings and revenue compare to its market cap?
DHC fundamental statistics
Market CapUS$274.99m
Earnings (TTM)US$407.28m
Revenue (TTM)US$1.30b

0.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHC income statement (TTM)
RevenueUS$1.30b
Cost of RevenueUS$1.08b
Gross ProfitUS$216.34m
Other Expenses-US$190.94m
EarningsUS$407.28m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.70
Gross Margin16.67%
Net Profit Margin31.38%
Debt/Equity Ratio109.9%

How did DHC perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

-10%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DHC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DHC?

Other financial metrics that can be useful for relative valuation.

DHC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA14.7x
PEG Ratio-0.008x

Price to Earnings Ratio vs Peers

How does DHC's PE Ratio compare to its peers?

DHC PE Ratio vs Peers
The above table shows the PE ratio for DHC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.5x
NHHS NorthStar Healthcare Income
8.4xn/aUS$305.6m
UHT Universal Health Realty Income Trust
5.6xn/aUS$605.7m
GMRE Global Medical REIT
48.6x16.2%US$616.8m
CHCT Community Healthcare Trust
39.4x15.3%US$788.4m
DHC Diversified Healthcare Trust
0.7x-83.0%US$275.0m

Price-To-Earnings vs Peers: DHC is good value based on its Price-To-Earnings Ratio (0.7x) compared to the peer average (25.5x).


Price to Earnings Ratio vs Industry

How does DHC's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: DHC is good value based on its Price-To-Earnings Ratio (0.7x) compared to the US REITs industry average (27x)


Price to Earnings Ratio vs Fair Ratio

What is DHC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DHC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.7x
Fair PE Ratio5.9x

Price-To-Earnings vs Fair Ratio: DHC is good value based on its Price-To-Earnings Ratio (0.7x) compared to the estimated Fair Price-To-Earnings Ratio (5.9x).


Share Price vs Fair Value

What is the Fair Price of DHC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DHC ($1.15) is trading above our estimate of fair value ($0.73)

Significantly Below Fair Value: DHC is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Diversified Healthcare Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-83.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DHC's earnings are forecast to decline over the next 3 years (-83% per year).

Earnings vs Market: DHC's earnings are forecast to decline over the next 3 years (-83% per year).

High Growth Earnings: DHC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DHC's revenue (7.1% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: DHC's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DHC's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Diversified Healthcare Trust performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-18.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DHC has a large one-off gain of $712.3M impacting its June 30 2022 financial results.

Growing Profit Margin: DHC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DHC's earnings have declined by 18% per year over the past 5 years.

Accelerating Growth: DHC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DHC has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (45.8%).


Return on Equity

High ROE: DHC's Return on Equity (14.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Diversified Healthcare Trust's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DHC's short term assets ($940.3M) exceed its short term liabilities ($727.6M).

Long Term Liabilities: DHC's short term assets ($940.3M) do not cover its long term liabilities ($2.6B).


Debt to Equity History and Analysis

Debt Level: DHC's net debt to equity ratio (84.6%) is considered high.

Reducing Debt: DHC's debt to equity ratio has increased from 105.1% to 109.9% over the past 5 years.

Debt Coverage: DHC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if DHC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Discover healthy companies

Dividend

What is Diversified Healthcare Trust current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.48%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DHC's dividend (3.48%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: DHC's dividend (3.48%) is low compared to the top 25% of dividend payers in the US market (4.57%).


Stability and Growth of Payments

Stable Dividend: DHC's dividend payments have been volatile in the past 10 years.

Growing Dividend: DHC's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: DHC is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: DHC is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Mintzer Francis (57 yo)

4.33yrs

Tenure

US$354,424

Compensation

Ms. Jennifer F. Francis, also known as Mintzer, serves as Executive Vice President of RMR Group LLC at The RMR Group Inc. and is responsible for all accounting and finance matters affecting RMR and its man...


Leadership Team

Experienced Management: DHC's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: DHC's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 68.91% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.07%
BlackRock, Inc.
40,811,040$46.9m-7.06%no data
16.26%
The Vanguard Group, Inc.
38,872,082$44.7m0.18%no data
5.54%
Flat Footed LLC
13,247,645$15.2m82.51%6.32%
4.69%
State Street Global Advisors, Inc.
11,225,351$12.9m-28.32%no data
3.92%
H2 Credit Manager, LP
9,376,466$10.8m-2.51%5.76%
2.04%
Geode Capital Management, LLC
4,888,856$5.6m-1.41%no data
1.79%
Charles Schwab Investment Management, Inc.
4,279,231$4.9m1.62%no data
1.67%
JPMorgan Chase & Co, Brokerage and Securities Investments
4,003,883$4.6m34.75%no data
1.67%
BNY Mellon Asset Management
3,985,765$4.6m-8.12%no data
1.57%
Zimmer Partners, LP
3,750,000$4.3m120.59%0.1%
1.35%
Dimensional Fund Advisors LP
3,228,764$3.7m-4.63%no data
1.08%
Northern Trust Global Investments
2,589,615$3.0m-18.28%no data
1.07%
The RMR Group LLC
2,550,019$2.9m0%3.4%
1.06%
Millennium Management LLC
2,536,833$2.9m3.74%no data
1.05%
Citadel Advisors LLC
2,521,619$2.9m147.75%no data
1%
Jacobs Levy Equity Management Inc
2,395,297$2.8m-15.08%0.02%
0.95%
Norges Bank Investment Management
2,278,014$2.6m0%no data
0.79%
CenterSquare Investment Management LLC
1,890,014$2.2m-24.36%0.03%
0.77%
Invesco Capital Management LLC
1,852,618$2.1m21.79%no data
0.67%
Two Sigma Advisers, LP
1,605,700$1.8m-3.78%0.01%
0.65%
Renaissance Technologies LLC
1,563,300$1.8m113.22%no data
0.62%
Principal Global Investors, LLC
1,473,771$1.7m-7.63%no data
0.56%
PGIM, Inc.
1,331,284$1.5m142.75%no data
0.55%
Putnam LLC
1,304,646$1.5m4.4%no data
0.51%
Morgan Stanley, Investment Banking and Brokerage Investments
1,209,656$1.4m-9.57%no data

Company Information

Diversified Healthcare Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Diversified Healthcare Trust
  • Ticker: DHC
  • Exchange: NasdaqGS
  • Founded: 1998
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: US$274.992m
  • Shares outstanding: 239.12m
  • Website: https://www.dhcreit.com

Location

  • Diversified Healthcare Trust
  • Two Newton Place
  • Suite 300
  • Newton
  • Massachusetts
  • 2458
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DHCNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDOct 1999
SNFDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.