diversified healthcare trustdiversified healthcare trust

Based on earnings estimates, Diversified Healthcare Trust will have a dividend payout ratio of 6.25% next year. PKST just increased its dividend 200% and will be moving up. Because DHC is not currently in compliance, and it has not been in compliance for over two years, with its debt incurrence covenants, DHC cannot issue any new debt or refinance expiring debt. The first was a metric always front of mind for REIT investors -- occupancy. That's a 22% drop since they were last appraised in January 2021. Get the latest business insights from Dun & Bradstreet. Again, it topped the April level, but the improvement was relatively marginal. People buying in to get cleaned out, is proof positive you can't fix stupid. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Its SHOP segment consists of managed senior living communities that provide short-term and long-term residential living and, in some instances, care and other services for residents where it pays fees to the operator to manage the communities for its account. 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. Verify your identity, personalize the content you receive, or create and administer your account. on the Dividend tab. A powerful gravitational pull ultimately downs high-flying stocks . For current information about the company, please refer to our most recent public SEC Filings. Good morning, and welcome to Diversified Healthcare Trust call covering first quarter of 2023 results. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $37 billion in assets under management as of March 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The latest investor update from specialty real estate investment trust (REIT) Diversified Healthcare Trust (DHC 8.00%) didn't make investors happy. Tesla: Can Downgrades Make Sense After A 170% Rally? DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. The Motley Fool has a disclosure policy. DHC believes that, to successfully refinance its $450 million of debt maturing in January 2024, it must achieve debt incurrence covenant compliance no later than September 30, 2023. 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. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Diversified Healthcare Trust (NASDAQ:DHC) pays an annual dividend of $0.04 per share and currently has a dividend yield of 2.02%. DHC has a forward dividend yield of 2.00%. similar fashion. "Current conditions raise substantial doubt about our company's ability to continue as a going concern as a stand-alone company," Diversified Healthcare Trust President and CEO Jennifer Francis said Tuesday on the Newton, MA-based real estate investment trust's first-quarter earnings call. This browser is no longer supported at MarketWatch. Get the latest Diversified Healthcare Trust (DHC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. 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. (844) 978-6257. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Announces 5th Acquisition: The Carbonaro Effect's TV Cues, Cartier Silver Announces Commencement of Diamond Drilling on the Gonalbert Property, Potosi Department, Southern Bolivia, Plugging the rare earths supply chain gap, North Arrow acquires 100 per cent interest in LDG lithium property, Prospector discovers multiple high-grade metals at Devon Project, Marimaca Copper's new copper discovery in Chile, Nuvei and CNBS Software partner to transform payment processing, Rivian Automotive stock accelerates on new app acquisition, Despite revenue loss, BlackBerry stock rallies, Canopy Growth Corp. to equitize C$12.5 million in July notes, Deep-South spots copper and cobalt anomalies in Zambia. How often does Diversified Healthcare Trust pay dividends? Annual debt service related to debt that bears interest at floating interest rates based on March 31, 2023, rates. The . DHC - Diversified Healthcare Trust NasdaqGS - NasdaqGS Real Time Price. Monthly Unaudited Results in DHCs Total SHOP Comparable Properties: May 2023 occupancy was 78.1%, 840 basis points below May 2019, and 10 basis points above April 2023. By Chris Wack Office Properties Income Trust said Tuesday it is buying Diversified Healthcare Trust in an all-share transaction. Whats at stake for stock and bond investors in second half of 2023, AMC shares fall, while APE units rise as stock-conversion battle reaches Delaware Chancery Court, She makes more than $10,000 a month through real estate, SoFi stock falls in choppy trading after Supreme Court strikes down Biden debt-forgiveness plan. Learn More. PEG Ratios below 1 indicate that a company could be undervalued. Diversified Healthcare Trust pays a meaningful dividend of 2.02%, higher than the bottom 25% of all stocks that pay dividends. Is this happening to you frequently? 2024 Submit confidentially to our News team. Diversified's May take for resident fees and services of $92.5 million was 10% lower than the May 2019 figure. It acquires and owns properties and is engaged in the development and implementation of medical services and technologies. Homebuilder Stocks Steady; Can They Stay That Way? Yet analysts are ramping up their growth forecast for the fiscal year 2021. Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth? How do I buy shares of Diversified Healthcare Trust? Historical and current end-of-day data provided by FACTSET. Additional copies of documents filed by DHC with the SEC may be obtained for free on DHCs Investor Relations website at www.dhcreit.com/investors or by contacting the DHC Investor Relations department at 1-617-796-8234. SHOP NOI was $32.7 million in aggregate, or $6.5 million per month on average, from January through May 2023, which is $9.9 million, or 60%, below the monthly average SHOP NOI DHC believes is required for it to be in compliance with its debt incurrence covenant by September 30, 2023. DHC is currently negotiating a limited waiver with the requisite lenders under the facility to waive the event of default through September 30, 2023, the outside closing date for DHC’s pending merger with Office Properties Income Trust (Nasdaq: OPI), at which time DHC’s $450 million credit facility will be fully refinanced. For this reason, management had little choice but to conclude that there is substantial doubt regarding DHCs ability to continue as a going concern. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. View the best growth stocks for 2023 here. 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. These are established companies that reliably pay dividends. Nasdaq | DHC U.S.: Nasdaq Diversified Healthcare Trust Watch list After Hours Last Updated: Jun 27, 2023 7:43 p.m. EDT Delayed quote $ 1.8300 0.08 4.57% After Hours Volume: 7.85K Advanced Charting Certain information regarding these trustees, executive officers, directors, officers and employees and a description of their direct and indirect interests are and will be set forth in the registration statement and the joint proxy statement/prospectus when filed with the SEC by DHC and/or OPI. We were in a bad place: My husband wrote a secret will. Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to Equity REIT fundamentals remain healthy, but per-share valuation premiums warrant selectivity. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. Actual results may differ materially from those contained in or implied by DHCs forward-looking statements as a result of various factors. , Key events shows relevant news articles on days with large price movements, Diversified Healthcare Trust Announces Event of Default Under $450 Million Diversified Healthcare Trust Prices $500 Million of 4.375% Senior Notes due 2031. The facility requires DHC to maintain collateral properties with an aggregate appraised value of at least $1.09 billion. What is aspartame, and is it bad for you? 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. Our daily ratings and market update email newsletter. Copyright 2023 Surperformance. Diversified. On June 23, an administrative agent notified Diversified that the reappraised value of properties securing the facility had fallen to $1.05 billion from $1.34 billion. The DHC Board unanimously recommends that shareholders vote FOR the merger. Nvidia has investors wondering: How long can a stock grow faster than the market? Occupancy and revenue are important, impossible-to-ignore measures of a REIT's health, as is a company's access to debt instruments (a must in the capital-intensive real estate world). Export data to Excel for your own analysis. Read our dividend analysis for DHC. In-depth profiles and analysis for 20,000 public companies. Diversified publishes monthly business updates, and the edition covering May revealed several points of concern. Copyright 2023 MarketWatch, Inc. All rights reserved. Style is calculated by combining value and growth scores, which are first individually calculated. May 2023 net operating income, or NOI, was $5.8 million, $11.1 million, or 66%, below May 2019, and $3.2 million, or 36%, below April 2023. DHC’s financial constraints are among the primary reasons that DHC’s Board of Trustees has unanimously recommended that DHC shareholders vote in favor of the pending merger with OPI. It's lightweight, stores lots of energy and is rechargeable. 1 MarketScreener is worth more than 1000 Influencers! Those conditions provide one reason that a merger with Office Properties Income Trust, announced . Credit Facility for Insufficient Collateral Value, Headquartered in Newton, Massachusetts, United States, The range between the high and low prices over the past day, The range between the high and low prices over the past 52 weeks. Actual results may differ materially from those contained in or implied by DHC’s forward-looking statements as a result of various factors. 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. Adjustments for acquisition or disposition of properties and repayment of debt during the period as required by covenant calculation. Found a . ABR for example is crushing it. Sees the pending merger with Office Properties Income Trust . Diversified Healthcare Trust has entered into a $703 million joint venture for 10 health care properties in its office portfolio segment with two global institutional investors. View source version on businesswire.com: https://www.businesswire.com/news/home/20230628101937/en/, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Warning Concerning Forward-Looking Statements. Copies of the foregoing documents may be obtained as provided above. Diversified Healthcare Trust is a healthcare Real Estate Investment Trust. Compare Top Brokerages Here. Gold prices end higher, but post biggest monthly loss since February. Diversified Healthcare Trust has a PEG Ratio of 0.52. This press release may be deemed to be solicitation material in respect of the proposed merger between DHC and OPI. Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Technology is Impacting Our Lives in More Ways Than We Know Detailed Report Here, Q2 Metals Announces Sampling Results from Its Abridged Work Program and Provides an Operational Update, Etruscus Completes Phase One Drill Program at Lewis Gold Property, Newfoundland, Lancaster Resources Advances Climate-Positive Lithium Extraction Initiatives through Engagement with Socialsuite, Royalties Inc. Information about DHCs trustees and executive officers is also included in the proxy statement for DHCs 2023 annual meeting of shareholders, which was filed with the SEC on April 20, 2023. The Company's segments include Office Portfolio and SHOP. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Nasdaq 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. Since then, DHC shares have increased by 208.4% and is now trading at $1.9950. Here's whats at stake for stock and bond investors in second half of 2023. DHC and certain of its trustees and executive officers, OPI and certain of its trustees and executive officers, and The RMR Group LLC, the manager of DHC and OPI, and its parent and certain of their respective directors, officers and employees may be deemed to be participants in the solicitation of proxies from DHCs and OPIs shareholders in connection with the merger. SMART Global Holdings Momentum, Room To Move Higher? Important Additional Information About the Merger. DHC seeks to acquire and own properties that take strategic advantage of demographic trends, investments in biological breakthroughs and the development and implementation of medical services and . Diversified Healthcare Trust is a real estate investment trust (REIT). DHCs stock style is Small Value. MarketBeat's analysts have just released their top five short plays for July 2023. You should not place undue reliance upon any forward-looking statements. In addition to the registration statement and joint proxy statement/prospectus filed or expected to be filed, DHC files annual, quarterly and current reports and other information with the SEC. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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? Diversified Healthcare Trust (DHC) shares have gone down -15.62% during the last six months, with a year-to-date growth rate less than the industry average at -77.61% against 3.30. NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a definitive merger agreement with Diversified Healthcare Trust (Nasdaq: DHC), pursuant to which OPI will acquire all of the outstanding common shares of DHC in an all-share transaction. Visit a quote page and your recently viewed tickers will be displayed here. DHC is headquartered in Newton, MA. How can I contact Diversified Healthcare Trust? Have a tip? This form needs Javascript to display, which your browser doesn't support. There is not enough analysis data for Diversified Healthcare Trust. Visit a quote page and your recently viewed tickers will be displayed here. DHT operates across the United States and the majority of its revenue derives from rents and medical programs. Lithium is ideal for electric cars. ET DHC earnings call for the period ending September 30, 2021. For the four quarters ended March 31, 2023, DHC would have needed $81.3 million of additional income to be in compliance with the 1.5x annual debt service level required for its debt incurrence covenant, as detailed below. The Company also provided additional insight into the calculation of its debt incurrence covenant that prohibits it from refinancing or issuing new debt. DHC is not currently in compliance and has not been in compliance for over two years with its debt incurrence covenant, which compliance is required for DHC to refinance or issue any new debt. 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. DHC vs. EGP: Which Stock Is the Better Value Option? Calculation and Reconciliation of NOI and Comparable Property NOI for SHOP Segment. 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. Diversified Healthcare Trust (Nasdaq: DHC) today announced that a non-monetary event of default has occurred under its $450 million credit facility. Is Senior Housing Properties Trust a Buy? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying. What is Diversified Healthcare Trust's stock price today? Investors are pouring money into this modified S&P 500 stock-market strategy, Here are the top-performing ETFs in first half of 2023 as crypto-related funds soar. I need some cash, can I borrow from my IRA? Have Watchlists? DHC uses NOI and comparable property NOI to evaluate individual and company wide property level performance. Except as required by law, DHC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise. The Company's segments include Office Portfolio and SHOP. Eric Volkman has no position in any of the stocks mentioned. This site is protected by reCAPTCHA and the Google Diversified Healthcare Trust dropped 14% in premarket trading after it said there's 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. How were Diversified Healthcare Trust's earnings last quarter? DHCs historical performance NEWTON, Mass., June 29, 2023 -- ( BUSINESS WIRE )-- Diversified Healthcare Trust (Nasdaq: DHC) today announced that a non-monetary event of default has occurred under its $450 million credit. Diversified Healthcare Trust is a real estate investment trust (REIT). Investors of record on Monday, April 24th will be given a dividend of $0.01 per share on Thursday, May 18th. DHCs inability to refinance maturing debt is a primary reason we believe that the pending merger with Office Properties Income Trust is the best path forward for DHC and provides shareholders the best alternative to realize increased shareholder value in the long term. American Consumer News, LLC dba MarketBeat 2010-2023. Diversified Healthcare Trust (Nasdaq: DHC) today announced that a non-monetary event of default has occurred under its $450 million credit facility. View DHC analyst ratings or view top-rated stocks. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. not reliant on reimbursement from. What ETFs hold Diversified Healthcare Trust's stock? Joining me on today's call are Jennifer Francis, President and Chief Executive Officer; and. Diversified Healthcare Trust announced Thursday morning that a "non-monetary event of default" had occurred under its $450 million credit facility.. Apartment REITs are not like Office REITs. The table presents pro forma residents fees and services revenue, pro forma property operating expenses and pro forma NOI as if the communities had been managed for DHCs account throughout all periods presented to assist in understanding community level operating results. Further, DHC may fail to comply with the terms of such waiver or other requirements under its credit facility in the future; (b) this press release states that DHC believes the earliest it may be in compliance with its debt incurrence covenants is mid-year 2024; however, DHC’s ability to comply with its debt incurrence covenants is subject to various factors, some of which are beyond DHC’s control, such as market conditions; and (c) this press release states that the merger with OPI is the best alternative available to DHC; however, the closing of DHC’s merger with OPI is subject to the satisfaction or waiver of closing conditions, some of which are beyond DHC’s control, and DHC cannot be sure that any or all of these conditions will be satisfied or waived; accordingly, the merger may not close on the contemplated terms or at all or it may be delayed, and if the merger does close, DHC may not realize the benefits from the merger that it currently expects, and DHC’s credit facility may not be fully refinanced when expected or at all. Diversified Healthcare Trust annonce ses rsultats pour le troisime trimestre et les neuf mois termins le 30 septembre 2021. These are your options. This press release may be deemed to be solicitation material in respect of the proposed merger between DHC and OPI. A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. DHC’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov. fair value, and uncertainty rating. Subscriber Agreement & Terms of Use | Copyright 2023 Morningstar, Inc. All rights reserved. 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diversified Healthcare Trust in the last twelve months. 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. Please disable your ad-blocker and refresh. Diversified Healthcare Trust President and CEO Jennifer Francis. Find company research, competitor information, contact details & financial data for FETIH GROUP SP Z O O of Toru, kujawsko-pomorskie. Important Additional Information About the Merger. Learn which stocks have the most short interest and how to trade them. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Diversified Healthcare Trust is one of the leading owners of real estate focused on healthcare and life sciences located throughout the United States. To make the world smarter, happier, and richer. Log in to keep reading or access research tools. 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