Diversified Healthcare Trust (NASDAQ:DHC) Releases Quarterly Earnings Results, Misses Estimates By $0.46 EPS

Diversified Healthcare Trust (NASDAQ:DHC) issued its earnings results on Monday. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.46), Zacks reports. The firm had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.17% and a negative net margin of 26.09%. During the same period in the prior year, the company earned $0.03 EPS.

Diversified Healthcare Trust Stock Up 1.6 %

Shares of Diversified Healthcare Trust stock traded up $0.04 during midday trading on Wednesday, reaching $2.88. 2,330,482 shares of the company’s stock traded hands, compared to its average volume of 1,062,231. The company has a debt-to-equity ratio of 1.36, a current ratio of 11.63 and a quick ratio of 11.63. The stock has a 50 day moving average of $3.60 and a 200-day moving average of $3.13. Diversified Healthcare Trust has a 12 month low of $1.94 and a 12 month high of $4.24.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.39%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Analysts Set New Price Targets

Several analysts have issued reports on DHC shares. B. Riley upped their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Royal Bank of Canada boosted 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st.

About Diversified Healthcare Trust

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.