DHC Diversified Healthcare Trust - Common Shares of Beneficial Interest

NASDAQ · Real Estate · View on SEC EDGAR ↗
$8.21
Price · Aug 19, 2026
Fundamentals as of May 4, 2026

DHC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$8.21
Market Cap
$1.99B
P/E (TTM)
-6.9
EPS (TTM)
$-1.19
Revenue (TTM)
$1.54B
Div Yield
0.48%
ROE
-16.2%
Debt/Equity
52W Range
$3 – $10

DHC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.54B
10-point trend, +45.4%
2016-12-31 2025-12-31
EPS $-1.19
7-point trend, -221.6%
2019-12-31 2025-12-31
Free Cash Flow
Margins -18.6%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DHC
Peer Median
P/E (TTM)
5-point trend, -196.3%
-6.9
29.8
P/S (TTM)
5-point trend, +43.0%
1.3
6.3
P/B
5-point trend, +154.1%
1.2
1.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DHC
Peer Median
Net Profit Margin
5-point trend, -247.3%
-18.6%
15.7%
ROA
5-point trend, -326.3%
-6.0%
2.6%
ROE
5-point trend, -336.0%
-16.2%
4.6%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DHC
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DHC
Peer Median
Revenue YoY
5-point trend, +11.2%
2.8%
Revenue CAGR 3Y
5-point trend, +11.2%
6.2%
Revenue CAGR 5Y
5-point trend, +11.2%
-1.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DHC
Peer Median
EPS (Diluted)
5-point trend, -263.0%
$-1.19

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DHC
Peer Median
Payout Ratio
5-point trend, -161.8%
-3.4%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.48%
Payout Ratio
-3.4%
5Y Div CAGR
Ex-dateAmount
July 20, 2026$0.0100
April 21, 2026$0.0100
Jan. 26, 2026$0.0100
Oct. 27, 2025$0.0100
July 21, 2025$0.0100
April 22, 2025$0.0100
Jan. 27, 2025$0.0100
Oct. 28, 2024$0.0100
July 22, 2024$0.0100
April 19, 2024$0.0100
Jan. 19, 2024$0.0100
Oct. 20, 2023$0.0100
July 21, 2023$0.0100
April 21, 2023$0.0100
Jan. 20, 2023$0.0100
Oct. 21, 2022$0.0100
July 22, 2022$0.0100
April 22, 2022$0.0100
Jan. 21, 2022$0.0100
Oct. 22, 2021$0.0100

DHC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 9 analysts
  • Strong Buy 1 11.1%
  • Buy 5 55.6%
  • Hold 3 33.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

4 analysts · 2026-08-14
Median target $10.55 +28.5%
Mean target $10.15 +23.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Beat Rate
50.0%
Avg Surprise
0.03%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.16 $-0.15 -0.01%
March 31, 2026 $-0.18 $-0.16 -0.02%
Dec. 31, 2025 $-0.09 $-0.18 0.09%
Sept. 30, 2025 $-0.68 $-0.22 -0.46%
June 30, 2025 $-0.38 $-0.22 -0.16%
March 31, 2025 $0.05 $-0.22 0.27%
Sept. 30, 2024 $0.02 $-0.26 0.28%
Sept. 30, 2023 $0.03 $-0.21 0.24%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DHC $1.17B -4.1 2.8% -18.6% -16.2%
HR $5.96B -23.9 -6.9% -20.8% -5.0%
SBRA $4.77B 29.6 10.2% 20.1% 5.6%
NHI $3.69B 25.3 12.1% 37.9% 9.8%
MPT $2.99B -10.9 -2.4% -28.5% -5.9%
LTC $1.67B 13.6 25.3% 44.9% 11.6%
UHT $544M 30.9 0.18% 17.8% 10.6%
XRN $447M -37.1 6.8% -4.6% -1.3%
CHCT $467M 205.2 4.7% 4.2% 1.1%
WELL $129.28B 133.5 35.6% 8.9% 2.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +82.0% $1.54B $1.50B $1.41B $1.28B $1.38B $1.63B $1.04B $1.12B $1.07B $1.06B $999M $845M
SG&A Expense 12-point trend, +16.8% $46M $27M $26M $26M $34M $31M $37M $86M $104M $47M $43M $39M
Operating Expenses 12-point trend, +214.9% $1.74B $1.62B $1.51B $1.38B $1.41B $1.64B $943M $890M $800M $755M $685M $553M
Operating Income 4-point trend, -5.6% · · · · · · · · $275M $303M $314M $291M
Interest Expense 10-point trend, +41.9% · · $192M $209M $256M $201M $180M $179M $165M $168M $151M $135M
Pretax Income 12-point trend, -304.8% $-321M $-371M $-273M $-21M $181M $-133M $-83M $292M $152M $142M $125M $157M
Income Tax 12-point trend, +202.6% $2M $467.0K $445.0K $710.0K $1M $1M $436.0K $476.0K $454.0K $424.0K $574.0K $576.0K
Net Income 12-point trend, -280.2% $-286M $-370M $-294M $-16M $175M $-139M $-88M $287M $148M $141M $124M $159M
EPS (Basic) 7-point trend, -221.6% $-1.19 $-1.55 $-1.23 $-0.07 $0.73 $-0.59 $-0.37 · · · · ·
EPS (Diluted) 7-point trend, -221.6% $-1.19 $-1.55 $-1.23 $-0.07 $0.73 $-0.59 $-0.37 · · · · ·
Shares (Basic) 12-point trend, +20.8% 240,286,000 239,535,000 238,836,000 238,314,000 237,967,000 237,739,000 237,604,000 237,511,000 237,420,000 237,345,000 232,931,000 198,868,000
Shares (Diluted) 12-point trend, +20.8% 240,286,000 239,535,000 238,836,000 238,314,000 237,967,000 237,739,000 237,604,000 237,546,000 237,452,000 237,382,000 232,963,000 198,894,000
EBITDA 12-point trend, -45.1% $262M $285M $284M $239M $271M $270M $289M $286M $552M $591M $571M $477M
Balance Sheet 11
Annual Balance Sheet data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +282.0% $105M $145M $246M $658M $635M $74M $37M $55M $31M $32M $38M $28M
Intangibles 12-point trend, -95.6% $21M $26M $34M $45M $49M $287M $338M $419M $472M $514M $604M $473M
Total Assets 12-point trend, -26.6% $4.36B $5.14B $5.45B $6.00B $6.62B $6.48B $6.65B $7.16B $7.29B $7.23B $7.16B $5.94B
Total Liabilities 12-point trend, -10.6% $2.70B $3.18B $3.11B $3.36B $3.96B $3.86B $3.78B $3.98B $4.02B $4.03B $3.80B $3.02B
Long-term Debt 3-point trend, -33.6% $2.44B $3.05B · · · · · $3.68B · · · ·
Common Stock 12-point trend, +18.7% $2M $2M $2M $2M $2M $2M $2M $2M $2M $2M $2M $2M
Retained Earnings 12-point trend, -17.1% $1.12B $1.41B $1.78B $2.07B $2.09B $1.91B $2.05B $2.14B $1.77B $1.62B $1.48B $1.35B
AOCI 9-point trend, -100.4% $-12.0K $-17.0K $0 · · · $0 $-266.0K $87M $35M $-33M $3M
Stockholders' Equity 12-point trend, -43.6% $1.67B $1.96B $2.34B $2.64B $2.66B $2.62B $2.88B $3.02B $3.10B $3.20B $3.36B $2.95B
Liabilities + Equity 12-point trend, -26.9% $4.36B $5.14B $5.45B $6.00B $6.62B $6.48B $6.65B $7.16B $7.29B $7.23B $7.16B $5.97B
Shares Outstanding 12-point trend, +18.7% 242,121,025 241,271,703 240,423,898 239,694,842 238,994,894 238,268,478 237,897,163 237,729,900 237,630,409 237,544,479 237,471,559 203,910,305
Cash Flow 14
Annual Cash Flow data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +41.3% $262M $285M $284M $239M $271M $270M $289M $286M $277M $288M $258M $185M
Deferred Tax Flat — no change across 11 periods $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ·
Amort. of Intangibles · · · · · · · · · · · $39M
Other Non-cash 10-point trend, +287.4% $4M $198M $20M $-264M $-509M $28M $65M $-180M $-17M $-2M · ·
Operating Cash Flow 12-point trend, -105.6% $-20M $112M $10M $-40M $-63M $159M $266M $393M $419M $424M $406M $351M
Investing Cash Flow 12-point trend, +138.3% $484M $-187M $-202M $388M $243M $-40M $86M $99M $-221M $-293M $-1.21B $-1.26B
Net Debt Issued · · · · · · $-100M · · · · ·
Stock Issued 4-point trend, -100.0% · · · · · · · · $0 $0 $659M $323M
Stock Repurchased 12-point trend, +1145000.00 $1M $904.0K $393.0K $171.0K $383.0K $171.0K $299.0K $411.0K $341.0K $452.0K $212.0K $0
Net Stock Activity 12-point trend, -100.4% $-1M $-904.0K $-393.0K $-171.0K $-383.0K $-171.0K $-299.0K $-411.0K $-341.0K $-452.0K $659M $323M
Dividends Paid 12-point trend, -96.8% $10M $10M $10M $10M $10M $43M $200M $371M $371M $370M $356M $306M
Financing Cash Flow 12-point trend, -154.6% $-492M $-22M $-250M $-676M $747M $-79M $-370M $-469M $-186M $-140M $818M $901M
Net Change in Cash 12-point trend, -141.0% $-28M $-97M $-441M $-329M $926M $39M $-18M $23M $12M $-8M $10M $-12M
Taxes Paid $2M · · · · · · · · · · ·
Profitability 7
Annual Profitability data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 4-point trend, -25.8% · · · · · · · · 25.6% 28.6% 31.4% 34.5%
Net Margin 10-point trend, -239.3% -18.6% -24.8% -20.8% -1.2% 12.6% -8.5% -8.5% 25.7% 13.7% 13.4% · ·
Pretax Margin 12-point trend, -212.5% -20.9% -24.8% -19.3% -1.7% 13.1% -8.2% -8.0% 26.2% 9.8% 13.0% 12.6% 18.6%
EBITDA Margin 12-point trend, -69.8% 17.0% 19.1% 20.1% 18.6% 19.6% 16.6% 27.8% 25.6% 51.4% 55.9% 57.2% 56.4%
ROA 10-point trend, -407.1% -6.0% -7.0% -5.1% -0.25% 2.7% -2.1% -1.3% 4.0% 2.0% 2.0% · ·
ROE 10-point trend, -476.8% -16.2% -18.5% -12.3% -0.59% 6.9% -5.2% -3.1% 9.4% 4.7% 4.3% · ·
ROIC 4-point trend, -10.2% · · · · · · · · 8.8% 9.4% 9.3% 9.8%
Liquidity & Solvency 1
Annual Liquidity & Solvency data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Interest Coverage 4-point trend, -22.7% · · · · · · · · 1.7 1.8 2.1 2.2
Efficiency 1
Annual Efficiency data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +129.6% 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1
Per Share 6
Annual Per Share data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -52.5% $6.88 $8.12 $9.72 $11.01 $11.14 $10.47 $11.50 $12.72 $13.07 $13.47 $14.15 $14.48
Revenue / Share 12-point trend, +50.7% $6.40 $6.24 $5.90 $5.39 $5.81 $6.86 $4.38 $4.70 $4.53 $4.46 $4.29 $4.25
Cash Flow / Share 12-point trend, -104.6% $-0.08 $0.47 $0.04 $-0.17 $-0.27 $0.67 $1.12 $1.65 $1.71 $1.80 $1.74 $1.76
Cash / Share 12-point trend, +221.7% $0.44 $0.60 $1.02 $2.75 $2.66 $0.31 $0.16 $0.23 $0.13 $0.13 $0.16 $0.14
Dividend Paid / Share 12-point trend, -97.4% $0 $0 $0 $0 $0 $0 $1 $2 $2 $2 $2 $2
EPS (TTM) 7-point trend, -221.6% $-1.19 $-1.55 $-1.23 $-0.07 $0.73 $-0.59 $-0.37 · · · · ·
Growth Rates 4
Annual Growth Rates data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +118.6% 2.8% 6.0% 9.9% -7.2% -15.2% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +230.7% 6.2% 2.6% -4.8% · · · · · · · · ·
Revenue CAGR 5Y -1.2% · · · · · · · · · · ·
Dividend CAGR 5Y -25.8% · · · · · · · · · · ·
Valuation (TTM) 12
Annual Valuation (TTM) data for DHC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +82.0% $1.54B $1.50B $1.41B $1.28B $1.38B $1.63B $1.04B $1.12B $1.07B $1.06B $999M $845M
Net Income TTM 12-point trend, -280.2% $-286M $-370M $-294M $-16M $175M $-139M $-88M $287M $148M $141M $124M $159M
Market Cap 12-point trend, -73.7% $1.17B $555M $899M $156M $738M $982M $2.01B $2.79B $4.55B $4.50B $3.52B $4.47B
P/E 7-point trend, +82.1% -4.1 -1.5 -3.0 -9.3 4.2 -7.0 -22.8 · · · · ·
P/S 12-point trend, -85.6% 0.8 0.4 0.6 0.1 0.5 0.6 1.9 2.5 4.2 4.3 3.5 5.3
P/B 12-point trend, -53.4% 0.7 0.3 0.4 0.1 0.3 0.4 0.7 0.9 1.5 1.4 1.0 1.5
P / Tangible Book 6-point trend, +69.7% 0.7 0.3 0.4 0.1 0.3 0.4 · · · · · ·
P / Cash Flow 12-point trend, -570.1% -59.9 4.9 85.8 -3.9 -11.7 6.2 7.6 7.1 11.2 10.5 8.7 12.7
Dividend Yield 12-point trend, -88.0% 0.82% 1.7% 1.1% 6.1% 1.3% 4.4% 10.0% 13.3% 8.1% 8.2% 10.1% 6.8%
Earnings Yield 7-point trend, -460.3% -24.5% -67.4% -32.9% -10.8% 23.6% -14.3% -4.4% · · · · ·
Payout Ratio 10-point trend, -101.3% -3.4% -2.6% -3.3% -60.7% 5.5% -30.7% -226.3% 129.2% 251.1% 262.2% · ·
Annual Payout 12-point trend, -96.8% $10M $10M $10M $10M $10M $43M $200M $371M $371M $370M $356M $306M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.54B$1.50B$1.41B$1.28B$1.38B
Net Income $-286M$-370M$-294M$-16M$175M
Diluted EPS $-1.19$-1.55$-1.23$-0.07$0.73

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Institutional owners (13F) 260 filers · $1.4B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
47 (0 vs prior Q) 29 (+5 vs prior Q) 81 (+7 vs prior Q) 65 (+5 vs prior Q) +9.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Flat Footed LLC $218,429,118 23,487,002 16.07% Shares
Silver Point Capital L.P. $144,194,733 15,504,810 10.61% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $98,512,510 10,592,743 7.25% Shares
VANGUARD CAPITAL MANAGEMENT LLC $89,979,109 9,675,173 6.62% Shares
STATE STREET CORP $83,719,242 9,002,069 6.16% Shares
Davidson Kempner Capital Management LP $59,608,629 6,409,530 4.38% Shares
NOMURA HOLDINGS INC $58,385,261 6,277,985 4.29% Shares
GEODE CAPITAL MANAGEMENT, LLC $57,850,493 6,219,298 4.26% Shares
CARRONADE CAPITAL MANAGEMENT, LP $57,096,000 6,139,329 4.20% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $48,711,019 5,237,744 3.58% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $46,500,000 5,000,000 3.42% Shares
BlackBarn Capital Partners LP $37,897,500 4,075,000 2.79% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $28,283,030 3,041,186 2.08% Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC $26,304,176 2,828,406 1.93% Shares
DIMENSIONAL FUND ADVISORS LP $22,531,863 2,422,781 1.66% Shares
Hudson Bay Capital Management LP $18,600,000 2,000,000 1.37% Shares
Allianz Asset Management GmbH $16,438,643 1,767,596 1.21% Shares
FIRST TRUST ADVISORS LP $15,185,058 1,632,802 1.12% Shares
VANGUARD FIDUCIARY TRUST CO $13,502,968 1,451,932 0.99% Shares
GOLDMAN SACHS GROUP INC $11,412,430 1,227,143 0.84% Shares
HENNESSY ADVISORS INC $11,227,890 1,207,300 0.83% Shares
LONESTAR CAPITAL MANAGEMENT LLC $9,765,000 1,050,000 0.72% Shares
Park West Asset Management LLC $9,625,937 1,035,047 0.71% Shares
PRUDENTIAL FINANCIAL INC $7,477,656 804,049 0.55% Shares
CastleKnight Management LP $7,276,711 782,442 0.54% Shares
RBF Capital, LLC $6,975,000 750,000 0.51% Shares
FMR LLC $6,422,599 690,602 0.47% Shares
Informed Momentum Co LLC $5,942,988 639,031 0.44% Shares
MUFG Securities EMEA plc $4,650,000 500,000 0.34% Shares
CIBC WORLD MARKETS CORP $4,483,961 924,528 0.33% Shares
Nierenberg Investment Management Company, LLC $4,241,823 456,110 0.31% Shares
Swiss National Bank $3,728,426 400,906 0.27% Shares
CIBC Bancorp USA Inc. $3,462,641 372,327 0.25% Shares
JPMORGAN CHASE & CO $3,429,146 356,831 0.25% Shares
BlackRock, Inc. $3,323,132 357,326 0.24% Shares
NORGES BANK $3,318,240 356,800 0.24% Shares
NOMURA ASSET MANAGEMENT CO LTD $3,279,180 352,600 0.24% Shares
RHUMBLINE ADVISERS $3,067,463 329,836 0.23% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,002,040 322,800 0.22% Call option
ALLIANCEBERNSTEIN L.P. $2,920,066 439,769 0.21% Shares
WOLVERINE ASSET MANAGEMENT LLC $2,833,877 304,718 0.21% Shares
CITIGROUP INC $2,501,347 268,962 0.18% Shares
RENAISSANCE TECHNOLOGIES LLC $2,478,478 266,503 0.18% Shares
CITADEL ADVISORS LLC $2,469,410 265,528 0.18% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $2,398,256 257,877 0.18% Shares
Sumitomo Mitsui Trust Group, Inc. $2,236,250 240,457 0.16% Shares
CAXTON ASSOCIATES LLP $2,115,536 227,477 0.16% Shares
Summit Financial, LLC $2,100,712 225,883 0.15% Shares
Asset Management One Co., Ltd. $2,004,755 301,921 0.15% Shares
STATE OF WISCONSIN INVESTMENT BOARD $1,980,630 212,971 0.15% Shares
Militia Capital Management LLC $1,946,853 209,339 0.14% Shares
CIBC WORLD MARKET INC. $1,934,400 208,000 0.14% Shares
ING GROEP NV $1,860,000 200,000 0.14% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $1,834,527 197,261 0.13% Shares
Quantinno Capital Management LP $1,782,101 191,623 0.13% Shares
BANK OF AMERICA CORP /DE/ $1,745,331 187,670 0.13% Shares
Vanguard Investments Australia, Ltd. $1,728,312 185,840 0.13% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $1,687,001 181,398 0.12% Shares
JANE STREET GROUP, LLC $1,654,470 177,900 0.12% Call option
VARCOV Co. $1,651,262 177,555 0.12% Shares
MORGAN STANLEY $1,637,274 176,051 0.12% Shares
Engineers Gate Manager LP $1,633,638 175,660 0.12% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $1,520,894 163,537 0.11% Shares
BNP PARIBAS FINANCIAL MARKETS $1,474,599 158,559 0.11% Shares
XTX Topco Ltd $1,428,740 153,628 0.11% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $1,383,347 148,747 0.10% Shares
VANGUARD ASSET MANAGEMENT, Ltd $1,299,052 139,683 0.10% Shares
CITADEL ADVISORS LLC $1,266,660 136,200 0.09% Call option
MetLife Investment Management, LLC $1,266,390 136,171 0.09% Shares
Militia Capital Partners, LP $1,247,609 257,239 0.09% Shares
Amundi $1,237,672 133,083 0.09% Shares
VICTORY CAPITAL MANAGEMENT INC $1,237,309 133,044 0.09% Shares
State of New Jersey Common Pension Fund D $1,213,548 130,489 0.09% Shares
AMERIPRISE FINANCIAL INC $1,207,186 129,805 0.09% Shares
VAN ECK ASSOCIATES CORP $1,178,998 126,774 0.09% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $1,123,123 169,145 0.08% Shares
Point72 Asset Management, L.P. $1,023,000 110,000 0.08% Shares
Quantbot Technologies LP $968,149 104,102 0.07% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $956,245 102,822 0.07% Shares
Daiwa Securities Group Inc. $941,541 101,241 0.07% Shares
Resona Asset Management Co.,Ltd. $925,188 96,507 0.07% Shares
TWO SIGMA INVESTMENTS, LP $924,690 99,429 0.07% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $882,933 94,939 0.06% Shares
Aberdeen Group plc $855,693 92,010 0.06% Shares
State of Wyoming $838,218 90,131 0.06% Shares
Invesco Ltd. $824,045 88,607 0.06% Shares
VICTORY FINANCIAL GROUP, LLC $819,721 88,142 0.06% Shares
Vanguard Global Advisers, LLC $780,568 83,932 0.06% Shares
Vise Technologies, Inc. $753,523 81,024 0.06% Shares
MACQUARIE GROUP LTD $736,095 79,150 0.05% Shares
NEW YORK STATE COMMON RETIREMENT FUND $661,379 71,116 0.05% Shares
WOLVERINE ASSET MANAGEMENT LLC $637,980 68,600 0.05% Put option
Police & Firemen's Retirement System of New Jersey $612,424 65,852 0.05% Shares
BARCLAYS PLC $600,948 64,618 0.04% Shares
Sumitomo Mitsui DS Asset Management Company, Ltd $558,660 60,071 0.04% Shares
INTECH INVESTMENT MANAGEMENT LLC $539,939 58,058 0.04% Shares
SOUTHPORT MANAGEMENT, L.L.C. $533,500 110,000 0.04% Shares
Metis Global Partners, LLC $528,584 56,837 0.04% Shares
ARIZONA STATE RETIREMENT SYSTEM $512,588 55,117 0.04% Shares
FIDELIS CAPITAL PARTNERS, LLC $505,669 54,373 0.04% Shares

Company insiders 23 insiders · 7 officers · 15 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Christopher J. Bilotto President and CEO Dec. 15, 2025 P 266,285 1 0 $97,800
Jennifer F. Mintzer President and CEO Sept. 18, 2023 F 256,153 0 0 $0
Matthew C. Brown CFO and Treasurer Sept. 16, 2025 F 113,954 0 0 $0
Richard W. Siedel JR. CFO and Treasurer Sept. 18, 2023 F 88,791 0 0 $0
Richard A Doyle Jr Treasurer and CFO Sept. 2, 2015 A 57,000 0 0 $0
John R Hoadley Treasurer & CFO Sept. 20, 2006 A 15,500 0 0 $0
David J Hegarty President and COO Sept. 14, 2017 A 134,170 0 0 $0
Adam D. Portnoy Director Sept. 16, 2025 F 415,157 0 0 $0
Alan L. Felder Director May 29, 2025 A 62,723 0 0 $0
Dawn K. Neher Director May 29, 2025 A 66,178 0 0 $0
Phyllis M. Hollis Director May 29, 2025 A 87,080 0 0 $0
Lisa Harris Jones Director May 29, 2025 A 157,494 0 0 $0
Jeffrey P. Somers Director May 29, 2025 A 164,678 0 0 $0
John L. Harrington Director May 31, 2024 G 97,037 0 0 $0
Daniel F. Lepage Director June 5, 2023 A 72,448 0 0 $0
David A Pierce Director June 5, 2023 A 40,000 0 0 $0
Barry M Portnoy Director May 18, 2017 A 337,918 0 0 $0
Frederick N Zeytoonjian Director May 19, 2015 A 18,500 0 0 $0
Frank J Bailey Director May 15, 2008 A 8,500 0 0 $0
Gerard M Martin Director May 9, 2006 A 1,500 0 0 $0
SENIOR HOUSING PROPERTIES TRUST 10% owner July 1, 2019 S 0 0 0 $0
Jennifer B Clark Sept. 21, 2020 F 159,209 0 0 $0
HRPT PROPERTIES TRUST March 21, 2006 S 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 10 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
D. E. Shaw Galvanic Portfolios, L.L.C., D. E. Shaw Manager II, L.L.C., D. E. Shaw Adviser II, L.L.C., D. E. Shaw & Co., L.L.C., D. E. Shaw & Co., L.P., David E. Shaw ×4 filings Oct. 9, 2024 Initial filing SEC
FLAT FOOTED LLC, MARC ANDERSEN ×5 filings Dec. 22, 2023 Initial filing SEC
H/2 Special Opportunities IV L.P., Spencer b. Haber June 30, 2023 Initial filing Passive investment SEC
ABP Trust, Adam D. Portnoy June 20, 2023 Initial filing Passive investment SEC
Diversified Healthcare Trust, DHC Holdings LLC ×3 filings March 23, 2023 Initial filing SEC
Diversified Healthcare Trust (formerly known as Senior Housing Properties Trust) Jan. 2, 2020 Initial filing SEC
Senior Housing Properties Trust ×3 filings April 5, 2019 Initial filing Passive investment SEC
HRPT Properties Trust I.R.S. ID No., Reit Management & Research LLC I.R.S. ID No., Reit Management & Research Trust I.R.S. ID No., Barry M. Portnoy, Adam D. Portnoy ×6 filings March 31, 2006 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person March 4, 2002 Initial filing SEC
OR July 9, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 42 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
HAUS · Tidal Trust I 5.82% 66,316 NS April 30, 2026 N-PORT
FYC · First Trust Exchange-Traded AlphaDE… 0.63% 877,936 NS April 30, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.32% 522,779 NS April 30, 2026 N-PORT
BBRE · J.P. Morgan Exchange-Traded Fund Tr… 0.21% 304,314 NS May 31, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.16% 1,758,205 NS May 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.13% 81,916 NS April 30, 2026 N-PORT
SCHH · SCHWAB STRATEGIC TRUST 0.13% 1,541,421 NS May 31, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 0.10% 194,710 NS April 30, 2026 N-PORT
DFAR · Dimensional ETF Trust 0.10% 220,782 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.07% 56,137 NS April 30, 2026 N-PORT
DFGR · Dimensional ETF Trust 0.06% 295,002 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.05% 95,019 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.05% 10,334 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.04% 1,048,474 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.03% 8,082 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.02% 26,441 NS May 31, 2026 N-PORT
SFGV · EA Series Trust 0.02% 24,636 NS May 29, 2026 N-PORT
URTY · ProShares Trust 0.02% 8,174 NS May 31, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.01% 20,377 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 9,169 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.01% 205 NS May 31, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.01% 100,576 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 132,496 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VNQ · VANGUARD SPECIALIZED FUNDS July 15, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
ITOT · iShares Trust July 22, 2026 Daily
IWV · iShares Trust Aug. 18, 2026 Daily
IWN · iShares Trust Aug. 17, 2026 Daily
IWM · iShares Trust Aug. 18, 2026 Daily
PFF · iShares Trust Aug. 18, 2026 Daily
REZ · iShares Trust Aug. 17, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust July 23, 2026 Daily
BSJS · Invesco Exchange-Traded Self-Indexe… Aug. 18, 2026 Daily
ISCB · iShares Trust July 20, 2026 Daily
ISCG · iShares Trust July 21, 2026 Daily
USRT · iShares Trust Aug. 17, 2026 Daily
REET · iShares Trust July 30, 2026 Daily
WSML · iShares Trust July 20, 2026 Daily