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

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, January 27th.

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.

Diversified Healthcare Trust Stock Up 2.8 %

NASDAQ DHC opened at $2.18 on Friday. The stock’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $3.02. Diversified Healthcare Trust has a one year low of $2.01 and a one year high of $4.24. The firm has a market cap of $525.97 million, a PE ratio of -1.35 and a beta of 2.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The business had revenue of $373.64 million during the quarter, compared to analyst estimates of $376.80 million. During the same period in the prior year, the firm posted $0.03 EPS.

Analyst Upgrades and Downgrades

DHC has been the subject of several research reports. StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 6th. Royal Bank of Canada increased their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.