REIT - Healthcare Facilities
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DHC vs LTC
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Healthcare Facilities
DHC vs LTC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Healthcare Facilities | REIT - Healthcare Facilities |
| Market Cap | $1.96B | $1.91B |
| Revenue (TTM) | $1.52B | $309M |
| Net Income (TTM) | $-320M | $121M |
| Gross Margin | 2.1% | 79.6% |
| Operating Margin | -2.5% | 53.9% |
| Forward P/E | — | 19.9x |
| Total Debt | $2.42B | $845M |
| Cash & Equiv. | $122M | $14M |
DHC vs LTC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Diversified Healthc… (DHC) | 100 | 226.0 | +126.0% |
| LTC Properties, Inc. (LTC) | 100 | 105.0 | +5.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DHC vs LTC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DHC is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.55, current ratio 100.72x
- Beta 0.55, yield 0.5%, current ratio 100.72x
- +178.4% vs LTC's +12.9%
LTC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta -0.02, yield 6.0%
- Rev growth 25.3%, EPS growth 23.5%, 3Y rev CAGR 14.5%
- 26.9% 10Y total return vs DHC's -29.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 25.3% FFO/revenue growth vs DHC's 2.8% | |
| Quality / Margins | 39.1% margin vs DHC's -21.1% | |
| Stability / Safety | Lower D/E ratio (72.7% vs 145.2%) | |
| Dividends | 6.0% yield, 1-year raise streak, vs DHC's 0.5% | |
| Momentum (1Y) | +178.4% vs LTC's +12.9% | |
| Efficiency (ROA) | 6.0% ROA vs DHC's -7.1%, ROIC 5.1% vs -0.7% |
DHC vs LTC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
DHC vs LTC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
LTC leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DHC is the larger business by revenue, generating $1.5B annually — 4.9x LTC's $309M. LTC is the more profitable business, keeping 39.1% of every revenue dollar as net income compared to DHC's -21.1%. On growth, LTC holds the edge at +94.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $309M |
| EBITDAEarnings before interest/tax | $219M | $207M |
| Net IncomeAfter-tax profit | -$320M | $121M |
| Free Cash FlowCash after capex | -$43M | $137M |
| Gross MarginGross profit ÷ Revenue | +2.1% | +79.6% |
| Operating MarginEBIT ÷ Revenue | -2.5% | +53.9% |
| Net MarginNet income ÷ Revenue | -21.1% | +39.1% |
| FCF MarginFCF ÷ Revenue | -2.8% | +44.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.3% | +94.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.8% | +6.7% |
Valuation Metrics
DHC leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, LTC's 16.7x EV/EBITDA is more attractive than DHC's 19.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.0B | $1.9B |
| Enterprise ValueMkt cap + debt − cash | $4.3B | $2.7B |
| Trailing P/EPrice ÷ TTM EPS | -6.80x | 15.33x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 19.90x |
| PEG RatioP/E ÷ EPS growth rate | — | 24.47x |
| EV / EBITDAEnterprise value multiple | 19.11x | 16.67x |
| Price / SalesMarket cap ÷ Revenue | 1.27x | 7.28x |
| Price / BookPrice ÷ Book value/share | 1.17x | 1.55x |
| Price / FCFMarket cap ÷ FCF | — | 14.07x |
Profitability & Efficiency
LTC leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
LTC delivers a 10.9% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $-19 for DHC. LTC carries lower financial leverage with a 0.73x debt-to-equity ratio, signaling a more conservative balance sheet compared to DHC's 1.45x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -18.8% | +10.9% |
| ROA (TTM)Return on assets | -7.1% | +6.0% |
| ROICReturn on invested capital | -0.7% | +5.1% |
| ROCEReturn on capital employed | -0.8% | +7.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.45x | 0.73x |
| Net DebtTotal debt minus cash | $2.3B | $830M |
| Cash & Equiv.Liquid assets | $122M | $14M |
| Total DebtShort + long-term debt | $2.4B | $845M |
| Interest CoverageEBIT ÷ Interest expense | -0.39x | 4.51x |
Total Returns (Dividends Reinvested)
DHC leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DHC five years ago would be worth $20,987 today (with dividends reinvested), compared to $12,226 for LTC. Over the past 12 months, DHC leads with a +178.4% total return vs LTC's +12.9%. The 3-year compound annual growth rate (CAGR) favors DHC at 111.6% vs LTC's 10.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +62.9% | +13.7% |
| 1-Year ReturnPast 12 months | +178.4% | +12.9% |
| 3-Year ReturnCumulative with dividends | +847.2% | +35.5% |
| 5-Year ReturnCumulative with dividends | +109.9% | +22.3% |
| 10-Year ReturnCumulative with dividends | -29.5% | +26.9% |
| CAGR (3Y)Annualised 3-year return | +111.6% | +10.7% |
Risk & Volatility
Evenly matched — DHC and LTC each lead in 1 of 2 comparable metrics.
Risk & Volatility
LTC is the less volatile stock with a -0.02 beta — it tends to amplify market swings less than DHC's 0.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.55x | -0.02x |
| 52-Week HighHighest price in past year | $8.41 | $40.80 |
| 52-Week LowLowest price in past year | $2.80 | $33.64 |
| % of 52W HighCurrent price vs 52-week peak | +96.2% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 70.1 | 50.0 |
| Avg Volume (50D)Average daily shares traded | 1.9M | 347K |
Analyst Outlook
Evenly matched — DHC and LTC each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates DHC as "Hold" and LTC as "Hold". Consensus price targets imply 17.4% upside for DHC (target: $10) vs -6.8% for LTC (target: $36). For income investors, LTC offers the higher dividend yield at 5.97% vs DHC's 0.50%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $9.50 | $36.00 |
| # AnalystsCovering analysts | 17 | 22 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +6.0% |
| Dividend StreakConsecutive years of raises | 4 | 1 |
| Dividend / ShareAnnual DPS | $0.04 | $2.31 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.3% |
LTC leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). DHC leads in 2 (Valuation Metrics, Total Returns). 2 tied.
DHC vs LTC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is DHC or LTC a better buy right now?
For growth investors, LTC Properties, Inc.
(LTC) is the stronger pick with 25. 3% revenue growth year-over-year, versus 2. 8% for Diversified Healthcare Trust (DHC). LTC Properties, Inc. (LTC) offers the better valuation at 15. 3x trailing P/E (19. 9x forward), making it the more compelling value choice. Analysts rate Diversified Healthcare Trust (DHC) a "Hold" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — DHC or LTC?
Over the past 5 years, Diversified Healthcare Trust (DHC) delivered a total return of +109.
9%, compared to +22. 3% for LTC Properties, Inc. (LTC). Over 10 years, the gap is even starker: LTC returned +26. 9% versus DHC's -29. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — DHC or LTC?
By beta (market sensitivity over 5 years), LTC Properties, Inc.
(LTC) is the lower-risk stock at -0. 02β versus Diversified Healthcare Trust's 0. 55β — meaning DHC is approximately -3068% more volatile than LTC relative to the S&P 500. On balance sheet safety, LTC Properties, Inc. (LTC) carries a lower debt/equity ratio of 73% versus 145% for Diversified Healthcare Trust — giving it more financial flexibility in a downturn.
04Which is growing faster — DHC or LTC?
By revenue growth (latest reported year), LTC Properties, Inc.
(LTC) is pulling ahead at 25. 3% versus 2. 8% for Diversified Healthcare Trust (DHC). On earnings-per-share growth, the picture is similar: LTC Properties, Inc. grew EPS 23. 5% year-over-year, compared to 23. 2% for Diversified Healthcare Trust. Over a 3-year CAGR, LTC leads at 14. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — DHC or LTC?
LTC Properties, Inc.
(LTC) is the more profitable company, earning 44. 9% net margin versus -18. 6% for Diversified Healthcare Trust — meaning it keeps 44. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LTC leads at 48. 2% versus -2. 6% for DHC. At the gross margin level — before operating expenses — LTC leads at 75. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is DHC or LTC more undervalued right now?
Analyst consensus price targets imply the most upside for DHC: 17.
4% to $9. 50.
07Which pays a better dividend — DHC or LTC?
All stocks in this comparison pay dividends.
LTC Properties, Inc. (LTC) offers the highest yield at 6. 0%, versus 0. 5% for Diversified Healthcare Trust (DHC).
08Is DHC or LTC better for a retirement portfolio?
For long-horizon retirement investors, LTC Properties, Inc.
(LTC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 02), 6. 0% yield). Both have compounded well over 10 years (LTC: +26. 9%, DHC: -29. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between DHC and LTC?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DHC is a small-cap quality compounder stock; LTC is a small-cap high-growth stock. LTC pays a dividend while DHC does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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