I need some cash, can I borrow from my IRA? DHC - Diversified Healthcare Trust Stock Price and Quote - FINVIZ.com Learn how it impacts everything we do. *, Net cash position A powerful gravitational pull ultimately downs high-flying stocks . For example: (a) DHC is currently negotiating a limited waiver with the requisite lenders under its credit facility to waive the event of default through September 30, 2023; however, DHC may be unable to reach agreement with the lenders on such waiver on acceptable terms or at all. Is Diversified Healthcare Trust (DHC) Stock Outpacing Its Finance Peers This Year? The facility requires DHC to maintain . Diversified Healthcare Trust's mailing address is Two Newton Place 255 Washington Street Suite 300, NEWTON MA, 02458. With an $8.6 billion investment portfolio, Diversified Healthcare Trust is one of the leading owners of real estate focused on healthcare and life sciences located throughout the United States. How retirees can fight anxiety and stay healthy, Like shoppers, IPO investors are demanding discounts and showing price sensitivity. DHC believes pro forma operating results are a meaningful supplemental performance measure as they present historical community level operating results regardless of the form of contractual arrangements. Making the world smarter, happier, and richer. DHC has $700 million of debt maturing before mid-year 2024, leaving DHC with no path to refinance its upcoming maturing debt. Diversified Healthcare Trust dropped 14% in premarket trading after it said theres substantial doubt regarding its ability to continue as a going concern, as it has $700 million of debt maturing before mid-year 2024, leaving it with no path to refinance its upcoming maturing debt. Also, whenever DHC uses words such as "believe", "expect", "anticipate", "intend", "plan", "estimate", "will", "may" and negatives or derivatives of these or similar expressions, it is making forward-looking statements. This form needs Javascript to display, which your browser doesn't support. We help you meet and manage your financial complexities to keep long-term commitments on track. Historical and current end-of-day data provided by FACTSET. It's lightweight, stores lots of energy and is rechargeable. Fuller Rises On Hopes For Rebound, Diversified Healthcare discloses event of default under $450M credit facility, Flat Footed LLC Files Definitive Proxy Statement and Sends Letter to Diversified Healthcare Trust Shareholders, Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium, Diversified Healthcare Trust (NASDAQ:DHC) vs. Community Healthcare Trust (NYSE:CHCT) Financial Survey, Diversified Healthcare Trust (NASDAQ:DHC) Now Covered by StockNews.com, Here's Why Diversified Healthcare (DHC) is a Great Momentum Stock to Buy, Flat Footed LLC Files Preliminary Proxy Statement Opposing Diversified Healthcare Trusts Proposed Merger with Office Properties Income Trust, Marathon Digital, Riot Platforms top financials losers, Diversified Healthcare leads gainers, Diversified Healthcare (DHC) Is Attractively Priced Despite Fast-paced Momentum, What Makes Diversified Healthcare (DHC) a New Strong Buy Stock, Over $4M Bet On Diversified Healthcare Trust? Export data to Excel for your own analysis. Diversified Healthcare Trust Announces Event of Default Under $450 In connection with the proposed merger, OPI filed a registration statement on Form S-4 with the SEC, containing a joint preliminary proxy statement/prospectus of DHC and OPI. People gotta live somewhere. Verify your identity, personalize the content you receive, or create and administer your account. Year to date Resident Fees and Services revenue through May 31, 2023, was $456.3 million, $57.3 million, or 11%, below the same period in 2019. 2024 Is Senior Housing Properties Trust Stock a Buy? This press release is for informational purposes only and is not intended to and does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy, any securities or a solicitation of any vote or approval in any jurisdiction with respect to the merger or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any such jurisdiction. Something went wrong while loading Watchlist. The Company owns medical office and life science properties, senior living communities, and other healthcare related properties throughout the United States. Good morning, and welcome to Diversified Healthcare Trust call covering first quarter of 2023 results. $205M Today's Change (2.88%) $0.02 Current Price $0.88 Price as of May 5, 2023, 4:00 p.m. SHOP NOI needs to be over $65.6 million in aggregate, or $16.4 million per month on average, from June through September 2023 in order for DHC to be in compliance with its debt incurrence covenant as of September 30, 2023, assuming the balance of DHCs portfolio continues to perform at first quarter 2023 levels. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants. The facility requires the . DHC and OPI intend to file a definitive joint proxy statement/prospectus. DHC uses NOI and comparable property NOI to evaluate individual and company wide property level performance. Client Login - Diversified Trust Diversified Healthcare Trust (NASDAQ: DHC) At Current Prices: Is It DHC has previously advised that it believes that the earliest it may be in compliance with its debt incurrence covenants is mid-year 2024, which is after $700 million of indebtedness comes due in the first half of 2024. largest 70% of U.S. stocks, mid-cap names account for the largest 7090%, and small-cap names are the remaining 10% of companies. Learn More. The SHOP segment manages senior living communities that offers short term and long term residential care, and other services for residents where it pay fees to the operator to manage the communities for its account. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO CAREFULLY READ THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT DHC, OPI AND THE MERGER. Investors of record on Monday, April 24th will be given a dividend of $0.01 per share on Thursday, May 18th. The consensus among Wall Street analysts is that investors should "buy" DHC shares. This Small Dogs Strategy Is One Way to Find Incredible Dividend Yields, Best Momentum Stocks to Buy for June 27th, Why Diversified Healthcare Trust Stock Sank by 4% Today, Why Carnival Shares Are Trading Lower By 9%? Unfortunately, the company is unable to issue new debt or refinance existing debt. Compare Top Brokerages Here. When available, the relevant portions of the joint proxy statement/prospectus will be mailed to DHC’s and OPI’s shareholders. Accordingly, the merger may not close on the contemplated terms or at all or it may be delayed, and if merger does close, DHC may not realize the benefits from the merger that it currently expects, including the expectation that the combined company will immediately be in compliance with its debt incurrence covenant and able to refinance or issue new debt, will be less vulnerable to the inconsistent nature of the SHOP recovery and will provide an annual distribution to DHC shareholders that represents an immediate increase of 267% over the current annual distribution received by these shareholders. Weve never seen this before: Millionaires are doing something unusual to preserve their wealth and you can do the same, News and analysis for those planning for or living in retirement. Publish. Diversified Healthcare Trust - About Us - Leadership - Senior Management As of March 31, 2023, DHC’s approximately $7.1 billion portfolio included 376 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 9 million square feet of life science and medical office properties and more than 27,000 senior living units. The healthcare REIT published its latest monthly business update. Bit Digital among financials gainers; Opendoor, Diversified Healthcare Submit confidentially to our News team. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. 2023-06-29 | NDAQ:DHC | Press Release | Diversified Healthcare Trust DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. Log in to see them here or sign up to get started. Read our dividend analysis for DHC. How much money does Diversified Healthcare Trust make? Should I do the same and remove him as beneficiary on my life insurance? View source version on businesswire.com: https://www.businesswire.com/news/home/20230625386790/en/, Melissa McCarthy, Manager, Investor Relations(617) 796-8234, Diversified Healthcare Trust (Nasdaq: DHC), https://www.businesswire.com/news/home/20230625386790/en/, This week in Bidenomics: "Recession cancelled", UPDATE 1-AMD's AI chips could match Nvidia's offerings, software firm says, Funds double down on bullish cocoa price bets, chocolate makers despair, Soccer-Man Utd still in discussions with keeper De Gea as contract runs out, US appeals court lets mother sue over unwanted text messages to teenage son. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. The Motley Fool has a disclosure policy. The ex-dividend date of this dividend is Friday, April 21st. The facility requires DHC to maintain collateral properties with an aggregate appraised value of at least $1.09 billion. Constellation Brands Stock Swings After Earnings Announcement, Freeport-McMoRan: Analysts Bullish Ahead Of Growth Copper's Spurt, The Nike Rebound Is Over; Buying Opportunity Ahead, Verve Therapeutics Gains 20.74% In June as Ark Funds Invest, Moderna: Declining Performance And Relative Weakness, Dividend King H.B. DHCs historical performance See other industries within the Health Care and Social Assistance sector: Child Care Services , Community Food and Housing, and Emergency and Other Relief Services , Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly , General Medical and Surgical Hospitals , Home Health Care Services , Individual and Family Services , Medical and Diagnostic Laboratories . The official website for the company is www.dhcreit.com. Copyright 2023 MarketWatch, Inc. All rights reserved. Diversified Healthcare Trust Prices $500 Million of 4.375% Senior Notes due 2031. The . The latest investor update from specialty real estate investment trust (REIT) Diversified Healthcare Trust (DHC 8.00%) didn't make investors happy. Market capitalization is calculated by taking a companys share price and multiplying it by the total number of shares. relationships and build investor experiences. The P/E ratio of Diversified Healthcare Trust is -1.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. There are currently 1 buy rating for the stock. 2023 To learn more about DHC, visit www.dhcreit.com. Click here for more on how to use these ratings. Consolidated Income Available for Debt Service, Ratio of Consolidated Income Available for Debt Service to Annual Debt Service, Additional Income Required for 1.5x Annual Debt Service, Calculated based on March 31, 2023, interest rates. Apartment REITs are not like Office REITs. An email was sent with password retrieval instructions. Reconciliation of NOI to Comparable Property NOI: NOI of properties not included in comparable results, Amortization of Debt and Deferred Financing Costs. Style is an investment factor that has a meaningful impact on investment risk and returns. Comparable properties consist of properties owned and in service continuously since January 1, 2019; excludes properties classified as held for sale, closed or out of service and communities previously leased to operators that did not provide monthly financial results. Identify stocks that meet your criteria using seven unique stock screeners. Visit a quote page and your recently viewed tickers will be displayed here. Office Properties Income will be the surviving entity in the. Its Office Portfolio segment consists of medical office . LEKARZ DENTYSTA DARIA SZEWCZYK - Dun & Bradstreet Comments. Sign-up to receive the latest news and ratings for Diversified Healthcare Trust and its competitors with MarketBeat's FREE daily newsletter. The Company owns medical office and life science properties, senior living communities, and other healthcare related properties throughout the United States. Adjustments for acquisition or disposition of properties and repayment of debt during the period as required by covenant calculation. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Please note that you are about to view content from a third party website. We sell different types of products and services to both investment professionals and individual investors. Copies of the foregoing documents may be obtained as provided above. The appraised values of the collateral properties securing the facility declined 22% since they were last appraised in January 2021. peer companies that do receive analyst-driven ratings. Year to date NOI margin through May 31, 2023, was 6.9%, 1,140 basis points below the same period in 2019. The figure did improve over the April 2023 level, but only by 0.10 percentage points. Diversified Healthcare Trust annonce un dividende trimestriel sur les actions ordinaires, payable le ou vers le 17 fvrier 2022, Diversified Healthcare Trust annonce une coentreprise de 703 millions de dollars pour 10 proprits du portefeuille de bureaux, More ETFs positioned on Diversified Healthcare Trust, Net cash position High institutional ownership can be a signal of strong market trust in this company. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. Please disable your ad-blocker and refresh. The calculation of NOI shown excludes certain components of net income (loss) in order to provide results that are more closely related to DHC's property level results of operations. How were Diversified Healthcare Trust's earnings last quarter? NOI excludes amortization of capitalized tenant improvement costs and leasing commissions that DHC records as depreciation and amortization. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Report here. Information about DHC’s trustees and executive officers is also included in the proxy statement for DHC’s 2023 annual meeting of shareholders, which was filed with the SEC on April 20, 2023. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. By providing my email, I consent to receiving investment related electronic messages from Stockhouse.