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

Diversified Healthcare Trust (NASDAQ:DHC) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Monday, October 28th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date 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 research 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 Up 6.2 %

Shares of NASDAQ DHC opened at $3.79 on Thursday. The stock has a market cap of $912.01 million, a P/E ratio of -2.77 and a beta of 2.22. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36. Diversified Healthcare Trust has a 12-month low of $1.68 and a 12-month high of $4.24. The business’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.02.

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

Wall Street Analysts Forecast Growth

DHC has been the topic of a number of analyst reports. B. Riley raised their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday. StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st.

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.