DHCNasdaqReal Estate Investment TrustsFiscal year ends December 31Also trades as DHCNI, DHCNL
DIVERSIFIED HEALTHCARE TRUST
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$7.37−0.22 (-2.90%)
Close on Oct 19, 2026
- Market cap
- $1.77B
- P/E (TTM)
- –
- Dividend yield
- 0.54%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
206M
Shares held, 13F filers
Institutional holders
239
41 new, 29 sold out
Net institutional buying
6M
In Q2 2026
Insider trades, 12 months
1 buys · 0 sales
Net bought $97.80K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Marc Andersen | 23,487,002 | 9.70% | 13G (passive) amendment | Jun 30, 2026 |
| Flat Footed LLC | 23,487,000 | 9.80% | 13G (passive) amendment | Sep 30, 2024 |
| BlackRock, Inc. | 21,571,190 | 8.90% | 13G (passive) amendment | Jun 30, 2026 |
| Robert J. OShea | 15,720,000 | 6.50% | 13G (passive) | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DHC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Flat Footed LLC | 23,487,002 | – | $218.43M | – | 16.71% |
| BlackRock, Inc. | 23,076,173 | – | $214.61M | −802,514 | 0.00% |
| Silver Point Capital L.P. | 15,504,810 | – | $144.19M | – | 13.09% |
| H/2 Credit Manager LP | 12,817,366 | – | $119.20K | −2,100,000 | 22.65% |
| Vanguard Portfolio Management LLC | 10,592,743 | – | $98.51M | +1,774,923 | 0.00% |
| Vanguard Capital Management LLC | 9,675,173 | – | $89.98M | +75,470 | 0.00% |
| State Street Corp | 9,002,069 | – | $83.72M | +15,157 | 0.00% |
| Geode Capital Management, LLC | 7,060,965 | – | $65.68M | +452,468 | 0.00% |
| Davidson Kempner Capital Management LP | 6,409,530 | – | $59.61M | +161,700 | 0.71% |
| Nomura Holdings Inc | 6,277,985 | – | $58.39M | −1,054,287 | 0.07% |
| Carronade Capital Management, LP | 6,139,329 | – | $57.10M | +870,894 | 0.99% |
| Charles Schwab Investment Management Inc | 5,237,744 | – | $48.71M | −647,076 | 0.01% |
| Healthcare Of Ontario Pension Plan Trust Fund | 5,000,000 | – | $46.50M | – | 0.07% |
| T. Rowe Price Investment Management, Inc. | 4,342,129 | – | $40.38K | +2,693,422 | 0.03% |
| BlackBarn Capital Partners LP | 4,075,000 | – | $37.90M | −737,413 | 3.20% |
| Arrowstreet Capital, Limited Partnership | 3,041,186 | – | $28.28M | +686,362 | 0.01% |
| JPMorgan Chase & Co | 3,010,894 | – | $28.93M | +237,506 | 0.00% |
| Centersquare Investment Management LLC | 2,862,591 | – | $26.62M | +160 | 0.23% |
| Northern Trust Corp | 2,801,935 | – | $26.06M | +602,662 | 0.00% |
| Dimensional Fund Advisors LP | 2,617,725 | – | $24.35M | +217,921 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 239 | 206M | 41 / 94 | 63 / 29 | 19M | 13M |
| Q1 2026 | 232 | 200M | 46 / 90 | 50 / 26 | 48M | 18M |
| Q4 2025 | 219 | 191M | 34 / 78 | 48 / 19 | 14M | 6M |
| Q3 2025 | 205 | 185M | 30 / 62 | 54 / 20 | 17M | 13M |
| Q2 2025 | 196 | 181M | 21 / 66 | 54 / 27 | 8M | 10M |
| Q1 2025 | 204 | 183M | 30 / 54 | 67 / 28 | 12M | 10M |
| Q4 2024 | 205 | 181M | 35 / 64 | 51 / 24 | 12M | 11M |
| Q3 2024 | 194 | 181M | 27 / 58 | 56 / 23 | 27M | 8M |
| Q2 2024 | 191 | 179M | 25 / 55 | 69 / 18 | 7M | 12M |
| Q1 2024 | 186 | 185M | 22 / 49 | 62 / 14 | 16M | 16M |
| Q4 2023 | 179 | 184M | 26 / 57 | 57 / 24 | 19M | 12M |
| Q3 2023 | 177 | 178M | 31 / 52 | 57 / 12 | 17M | 15M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DHC | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Real Estate Index Fund | 7,599,206 | – | $67.63M | 0.09% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 6,945,437 | – | $64.59M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 5,846,049 | – | $54.37M | 0.07% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 2,503,666 | – | $23.28M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 2,445,038 | – | $21.76M | 0.06% | Jul 31, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 2,272,590 | – | $21.14M | 0.20% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 2,090,224 | – | $19.44M | 0.13% | Jun 30, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 1,758,205 | – | $14.63M | 0.16% | May 31, 2026 |
| Schwab U.S. REIT ETF | 1,541,421 | – | $12.82M | 0.13% | May 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 1,334,253 | – | $11.87M | 0.11% | Jul 31, 2026 |
| Hennessy Cornerstone Growth Fund | 1,207,300 | – | $10.74M | 2.21% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 1,128,051 | – | $9.39M | 0.05% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 1,048,474 | – | $8.72M | 0.04% | May 31, 2026 |
| Dfa Real Estate Securities Portfolio | 1,043,679 | – | $9.29M | 0.13% | Jul 31, 2026 |
| First Trust Small Cap Growth AlphaDEX Fund | 943,604 | – | $8.40M | 0.65% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Christopher J. Bilotto | President and CEO, Director | 314,067 | Sep 21, 2026 |
| Matthew C. Brown | CFO and Treasurer | 153,109 | Sep 21, 2026 |
| Adam D. Portnoy | Director | 23,717,943 | Sep 21, 2026 |
| Phyllis M. Hollis | Director | 100,148 | Jun 12, 2026 |
| Dawn K. Neher | Director | 78,579 | Jun 12, 2026 |
| Alan L. Felder | Director | 75,124 | Jun 12, 2026 |
| Jeffrey P. Somers | Director | 177,079 | Jun 12, 2026 |
| Lisa Harris Jones | Director | 170,287 | Jun 12, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Adam D. Portnoy Director | Sep 17, 2026 | Tax withholding | −19,315 | $8.13 | $157.03K | 467,924 |
| Matthew C. Brown CFO and Treasurer | Sep 17, 2026 | Tax withholding | −13,895 | $8.13 | $112.97K | 153,109 |
| Christopher J. Bilotto President and CEO, Director | Sep 17, 2026 | Tax withholding | −25,118 | $8.13 | $204.21K | 314,067 |
| Matthew C. Brown CFO and Treasurer | Sep 10, 2026 | Award | +53,050 | – | – | 167,004 |
| Adam D. Portnoy Director | Sep 10, 2026 | Award | +59,681 | – | – | 487,239 |
| Christopher J. Bilotto President and CEO, Director | Sep 10, 2026 | Award | +59,681 | – | – | 339,185 |
| Christopher J. Bilotto President and CEO, Director | Jun 10, 2026 | Award | +12,401 | – | – | 279,247 |
| Phyllis M. Hollis Director | Jun 10, 2026 | Award | +12,401 | – | – | 100,148 |
| Dawn K. Neher Director | Jun 10, 2026 | Award | +12,401 | – | – | 78,579 |
| Lisa Harris Jones Director | Jun 10, 2026 | Award | +12,401 | – | – | 170,287 |
| Alan L. Felder Director | Jun 10, 2026 | Award | +12,401 | – | – | 75,124 |
| Jeffrey P. Somers Director | Jun 10, 2026 | Award | +12,401 | – | – | 177,079 |
| Adam D. Portnoy Director | Jun 10, 2026 | Award | +12,401 | – | – | 427,558 |
| Christopher J. Bilotto President and CEO, Director | Dec 15, 2025 | Buy | +20,000 | $4.89 | $97.80K | 266,285 |
| Adam D. Portnoy Director | Sep 16, 2025 | Tax withholding | −15,226 | $4.37 | $66.54K | 415,157 |
| Matthew C. Brown CFO and Treasurer | Sep 16, 2025 | Tax withholding | −9,711 | $4.37 | $42.44K | 113,954 |
| Christopher J. Bilotto President and CEO, Director | Sep 16, 2025 | Tax withholding | −17,091 | $4.37 | $74.69K | 245,900 |
| Adam D. Portnoy Director | Sep 9, 2025 | Award | +81,775 | – | – | 430,383 |
| Christopher J. Bilotto President and CEO, Director | Sep 9, 2025 | Award | +81,775 | – | – | 262,991 |
| Matthew C. Brown CFO and Treasurer | Sep 9, 2025 | Award | +37,383 | – | – | 123,665 |
| Dawn K. Neher Director | May 29, 2025 | Award | +29,141 | – | – | 66,178 |
| Lisa Harris Jones Director | May 29, 2025 | Award | +29,141 | – | – | 157,494 |
| Christopher J. Bilotto President and CEO, Director | May 29, 2025 | Award | +29,141 | – | – | 180,822 |
| Phyllis M. Hollis Director | May 29, 2025 | Award | +29,141 | – | – | 87,080 |
| Alan L. Felder Director | May 29, 2025 | Award | +29,141 | – | – | 62,723 |
| Jeffrey P. Somers Director | May 29, 2025 | Award | +29,141 | – | – | 164,678 |
| Adam D. Portnoy Director | May 29, 2025 | Award | +29,141 | – | – | 348,608 |
| Alan L. Felder Director | Mar 20, 2025 | Award | +33,582 | – | – | 33,582 |
| Matthew C. Brown CFO and Treasurer | Nov 13, 2024 | Buy | +2,000 | $2.55 | $5.10K | 86,282 |
| Adam D. Portnoy Director | Sep 17, 2024 | Tax withholding | −6,570 | $3.68 | $24.18K | 319,467 |
| Christopher J. Bilotto President and CEO, Director | Sep 17, 2024 | Tax withholding | −10,537 | $3.68 | $38.78K | 150,269 |
| Matthew C. Brown CFO and Treasurer | Sep 17, 2024 | Tax withholding | −6,187 | $3.68 | $22.77K | 84,282 |
| Adam D. Portnoy Director | Sep 11, 2024 | Award | +74,626 | – | – | 326,037 |
| Christopher J. Bilotto President and CEO, Director | Sep 11, 2024 | Award | +74,626 | – | – | 160,806 |
| Matthew C. Brown CFO and Treasurer | Sep 11, 2024 | Award | +40,298 | – | – | 90,469 |
| Adam D. Portnoy Director | May 31, 2024 | Award | +37,037 | – | – | 251,411 |
| Phyllis M. Hollis Director | May 31, 2024 | Award | +37,037 | – | – | 57,121 |
| Lisa Harris Jones Director | May 31, 2024 | Award | +37,037 | – | – | 127,631 |
| Christopher J. Bilotto President and CEO, Director | May 31, 2024 | Award | +37,037 | – | – | 85,907 |
| Jeffrey P. Somers Director | May 31, 2024 | Award | +37,037 | – | – | 135,537 |
| John L. Harrington Director | May 31, 2024 | Gift | +37,037 | – | – | 97,037 |
| John L. Harrington Director | May 31, 2024 | Award | +37,037 | – | – | 37,037 |
| John L. Harrington Director | May 31, 2024 | Gift | −37,037 | – | – | 0 |
| Dawn K. Neher Director | May 31, 2024 | Award | +37,037 | – | – | 37,037 |
| Phyllis M. Hollis Director | Sep 26, 2023 | Award | +20,000 | – | – | 20,000 |
| Jennifer F. Francis President and CEO, Director | Sep 18, 2023 | Tax withholding | −15,839 | $2.33 | $36.90K | 256,153 |
| Richard W. Siedel Jr. CFO and Treasurer | Sep 18, 2023 | Tax withholding | −7,086 | $2.33 | $16.51K | 88,791 |
| Jennifer F. Francis President and CEO, Director | Sep 13, 2023 | Award | +60,000 | – | – | 271,992 |
| Adam D. Portnoy Director | Jun 14, 2023 | Buy | +2,000,000 | $3.07 | $6.14M | 23,250,019 |
| Adam D. Portnoy Director | Jun 13, 2023 | Buy | +1,992,259 | $3.03 | $6.04M | 21,250,019 |
| Adam D. Portnoy Director | Jun 12, 2023 | Buy | +2,011,256 | $2.87 | $5.77M | 19,257,760 |
| Adam D. Portnoy Director | Jun 9, 2023 | Buy | +1,905,200 | $2.59 | $4.93M | 17,246,504 |
| Adam D. Portnoy Director | Jun 8, 2023 | Buy | +1,690,000 | $2.46 | $4.16M | 15,341,304 |
| Adam D. Portnoy Director | Jun 7, 2023 | Buy | +2,400,000 | $2.34 | $5.62M | 13,651,304 |
| Adam D. Portnoy Director | Jun 6, 2023 | Buy | +1,603,082 | $1.87 | $3.00M | 11,251,304 |
| Lisa Harris Jones Director | Jun 5, 2023 | Award | +20,000 | – | – | 89,801 |
| John L. Harrington Director | Jun 5, 2023 | Gift | +20,000 | – | – | 60,000 |
| John L. Harrington Director | Jun 5, 2023 | Gift | −20,000 | – | – | 0 |
| John L. Harrington Director | Jun 5, 2023 | Award | +20,000 | – | – | 20,000 |
| Jennifer F. Francis President and CEO, Director | Jun 5, 2023 | Award | +20,000 | – | – | 211,992 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.