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

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, April 9th. Stockholders of record on Tuesday, April 21st will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, April 21st.

Diversified Healthcare Trust has decreased its dividend payment by an average of 0.4%per year over the last three years. Diversified Healthcare Trust has a payout ratio of -5.9% indicating that 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 3.7%

Shares of NASDAQ DHC traded up $0.26 during mid-day trading on Thursday, hitting $7.29. The company had a trading volume of 1,752,534 shares, compared to its average volume of 2,062,578. The company has a market capitalization of $1.77 billion, a PE ratio of -6.13 and a beta of 2.35. The firm has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $5.43. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $7.66.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.21). The company had revenue of $379.57 million during the quarter, compared to the consensus estimate of $392.89 million. Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.