Stock fact sheet · data as of
Diversified Healthcare Trust, 5.625% Senior Notes due 2042 (DHCNI): fair value, margin of safety and Wheel Score
Real Estate · REIT - Healthcare Facilities · United States · Speculative / Distressed
Is DHCNI undervalued?
DHCNI closed at 17.24 on 16 Oct 2026, more than 30% above the GLS average fair value of 3.10. Only 0 of the 2 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the Sunday Scan drops names like this at the "below fair value" rule.
Only 2 of the nine models produced a value (DCF, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files DHCNI under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for DHCNI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 5.61 | -67% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 0.5886 | -97% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -23.39 | -236% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: DHCNI passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 1.3 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -7.0%, ROE -17.2%, ROA -6.6% - with debt at 1.45 times equity and negative free cash flow.
The dividend yield is 0.53% with a payout ratio of -4% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Resident Fees And Services 87%, Rental Income 13% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -7.0% |
|---|---|---|---|
| GLS Moat | 1.3 / 10 | ROE | -17.2% |
| Debt / equity | 1.45 | ROA | -6.6% |
| Free-cash-flow yield | -5.2% | Payout ratio | -4% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 20: No options
DHCNI has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (20 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 54k shares a day on a market cap of $1.8B, with a beta of 1.14; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -457% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 2 / 15 | moat 1.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 9 / 20 | 54k shares/day, $1.8B cap, beta 1.14 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for DHCNI in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Healthcare Facilities
The 12 companies below are the closest to Diversified Healthcare Trust, 5.625% Senior Notes due 2042 by market cap within the REIT - Healthcare Facilities industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| DHC Diversified Healthcare Trust | 7.61 | 3.10 | -146% | 43Weak | $1.8B |
| MPT Medical Properties Trust, Inc. | 3.11 | 6.38 | +51% | 45Weak | $1.9B |
| DHCNL Diversified Healthcare Trust | 18.23 | 3.10 | -489% | 14No options | $1.9B |
| LTC LTC Properties, Inc. | 43.34 | 41.21 | -5% | 56Fair | $2.3B |
| NHI National Health Investors, Inc. | 65.67 | 76.34 | +14% | 63Fair | $3.2B |
| NHPBP National Healthcare Properties, Inc. | 25.44 | 18.34 | -39% | 23No options | $720M |
| SBRA Sabra Health Care REIT, Inc. | 19.17 | 18.28 | -5% | 65Good | $4.9B |
| NHP National Healthcare Properties, Inc. (NHP) | 15.05 | 6.31 | -138% | 35Weak | $666M |
| HR Healthcare Realty Trust Incorporated | 17.36 | 12.42 | -40% | 45Weak | $6.0B |
| UHT Universal Health Realty Income Trust | 37.68 | 34.24 | -10% | 49Weak | $524M |
| XRN Chiron Real Estate Inc. | 31.29 | 41.84 | +25% | 73Good | $414M |
| CTRE CareTrust REIT, Inc. | 36.59 | 43.78 | +16% | 80Prime | $8.6B |
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Start free See the Sunday ScanQuestions about DHCNI
Is DHCNI undervalued right now?
No: at 17.24 the stock trades 457% above the GLS average fair value of 3.10 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of DHCNI and what does it mean?
DHCNI has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for DHCNI?
3.10 per share as of 16 Oct 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Diversified Healthcare Trust, 5.625% Senior Notes due 2042 report earnings next?
No upcoming earnings date is recorded for DHCNI in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does DHCNI have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on DHCNI, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.