Diversified Healthcare Tr Stock Price, News & Analysis

Diversified Healthcare Trust (Nasdaq: DHC) announced a quarterly cash distribution of $0.01 per common share, totaling $0.04 annually. This dividend will be paid to shareholders on record as of April 26, 2021, with distribution expected around May 20, 2021. DHC focuses on owning quality healthcare properties across the U.S. and is managed by The RMR Group Inc. The company emphasizes diversification across healthcare services and property types.

Diversified Healthcare Trust (Nasdaq: DHC) announced amendments to its management agreements with Five Star Senior Living (Nasdaq: FVE). Key changes include transitioning 108 senior living communities to new operators without termination fees and maintaining Five Star's management of 120 communities. DHC's performance termination rights for these communities will adjust in 2025, allowing up to 10% termination without fees. The management agreement term is extended to December 31, 2036. DHC aims to improve operational performance through these changes, particularly in smaller communities.

Diversified Healthcare Trust (Nasdaq: DHC) will release its first quarter 2021 financial results after market close on May 5, 2021. A conference call with President Jennifer Francis and CFO Richard Siedel is scheduled for May 6, 2021, at 10:00 a.m. Eastern Time to discuss the results. Participants can dial in using (877) 329-4297 or (412) 317-5435 for international calls. A live audio webcast will also be available on the company’s website, with a replay accessible until May 13, 2021.

DHC is a REIT focused on high-quality healthcare properties, with an $8.2 billion portfolio across 36 states.

Diversified Healthcare Trust (Nasdaq: DHC) reported its financial results for Q4 2020, highlighting a net loss of $16.2 million ($0.07 per share) and normalized funds from operations of $20.5 million ($0.09 per share). The company noted improvements in its Office segment with 99% rent collection, while the SHOP segment experienced a decline in occupancy, averaging 72.2%. DHC has vaccinated over 23,500 residents and staff, and took steps to improve liquidity by amending credit facilities and issuing $500 million in senior notes, addressing significant maturities through 2024.

Diversified Healthcare Trust (Nasdaq: DHC) has announced a public offering of $500 million in 4.375% Senior Notes due in 2031. The settlement is expected on February 8, 2021. Proceeds will be used primarily to redeem $300 million of the 6.75% Senior Notes due 2021 and to prepay a $200 million term loan. DHC’s portfolio includes 407 healthcare properties across the U.S., totaling about 11.6 million square feet and over 30,000 living units. The offering is subject to customary closing conditions.

Diversified Healthcare Trust (Nasdaq: DHC) provided updates regarding the COVID-19 pandemic's impact on its operations. As of January 29, 2021, over 65% of residents and 30% of staff in its senior housing portfolio have been vaccinated. Approximately 93% of communities are open for new admissions, with 3.5% of residents having active COVID-19 cases. Although occupancy declined to 70.7% in December 2020, sales leads surged by 83% since early Q4 2020. DHC also amended its credit agreements, waiving certain financial covenants until June 2022 and allowing for an extension of its revolving credit facility until January 2024.

Diversified Healthcare Trust (Nasdaq: DHC) will release its fourth quarter 2020 financial results after market close on February 24, 2021. A conference call hosted by President Jennifer Francis and CFO Richard Siedel is scheduled for February 25, 2021, at 10:00 a.m. ET, where they will discuss the results. Interested parties can dial in or access the live audio webcast on DHC's website. As of September 30, 2020, DHC's portfolio consisted of 407 properties across 37 states, valued at $8.2 billion, with over 600 tenants, totaling approximately 11.6 million square feet of medical office and life science properties.

Diversified Healthcare Trust (Nasdaq: DHC) announced the characterization of its 2020 dividends for income tax purposes. The company reported a total dividend of $0.43 per share, allocated as $0.25 ordinary income, while $0.15 and $0.01 were distributed in Section 199A and qualified dividends, respectively. Additionally, shareholders received an in-kind distribution valued at $0.25 per DHC share from Five Star Senior Living (Nasdaq: FVE). This release serves as guidance for shareholders for IRS Form 1099-DIV tax reporting.

Diversified Healthcare Trust (Nasdaq: DHC) announced a quarterly cash dividend of $0.01 per common share, equating to $0.04 annually. This dividend will be paid on February 18, 2021 to shareholders on record as of January 25, 2021. DHC's portfolio includes $8.2 billion in real estate across 407 properties in 37 states, primarily focused on healthcare, encompassing medical offices and senior living units. The company's board considers various factors when setting dividends, and future rates may be adjusted based on performance and cash availability.