Diversified Healthcare Trust (NASDAQ:DHC) Posts Earnings Results, Misses Expectations By $0.04 EPS

Diversified Healthcare Trust (NASDAQ:DHC) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04), Zacks reports. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%.

Diversified Healthcare Trust Stock Up 3.8%

Shares of NASDAQ:DHC traded up $0.16 during midday trading on Monday, reaching $4.42. The company’s stock had a trading volume of 1,080,821 shares, compared to its average volume of 889,166. The firm has a 50 day moving average of $4.20 and a 200-day moving average of $3.59. The firm has a market capitalization of $1.07 billion, a P/E ratio of -3.71 and a beta of 2.65. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 12-month low of $2.00 and a 12-month high of $4.65.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, October 27th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, October 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.9%. Diversified Healthcare Trust’s dividend payout ratio is currently -3.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, October 8th. B. Riley upped their price target on shares of Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.50.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently modified their holdings of DHC. Goldman Sachs Group Inc. grew its position in shares of Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after buying an additional 2,370,459 shares during the period. JPMorgan Chase & Co. grew its position in shares of Diversified Healthcare Trust by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock worth $3,308,000 after buying an additional 84,572 shares during the period. Cerity Partners LLC purchased a new stake in shares of Diversified Healthcare Trust in the 2nd quarter worth about $234,000. Bank of America Corp DE grew its position in shares of Diversified Healthcare Trust by 54.1% in the 2nd quarter. Bank of America Corp DE now owns 175,876 shares of the real estate investment trust’s stock worth $630,000 after buying an additional 61,771 shares during the period. Finally, State of Wyoming purchased a new stake in Diversified Healthcare Trust during the 2nd quarter valued at about $178,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

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.