Diversified Healthcare Trust Announces Quarterly Dividend of $0.01 (NASDAQ:DHC)

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Monday, October 28th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, October 28th.

Diversified Healthcare Trust has a payout ratio of -5.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Diversified Healthcare Trust to earn $0.51 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 7.8%.

Diversified Healthcare Trust Stock Down 1.7 %

Diversified Healthcare Trust stock opened at $3.40 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 11.63 and a quick ratio of 11.63. Diversified Healthcare Trust has a fifty-two week low of $1.92 and a fifty-two week high of $4.24. The firm has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.08. The firm has a market cap of $818.16 million, a price-to-earnings ratio of -2.48 and a beta of 2.22.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). The business had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same period in the prior year, the firm posted $0.05 EPS. As a group, analysts forecast that Diversified Healthcare Trust will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DHC shares. Royal Bank of Canada increased their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. B. Riley raised their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.