Diversified Healthcare Trust (NASDAQ:DHC) Posts Earnings Results, Misses Estimates By $0.01 EPS

Diversified Healthcare Trust (NASDAQ:DHCGet Free Report) released its earnings results on Monday. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01), FiscalAI reports. Diversified Healthcare Trust had a negative net margin of 21.10% and a negative return on equity of 18.75%. The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million.

Diversified Healthcare Trust Price Performance

NASDAQ:DHC traded down $0.09 during mid-day trading on Monday, hitting $8.81. The company’s stock had a trading volume of 2,297,481 shares, compared to its average volume of 1,836,447. Diversified Healthcare Trust has a fifty-two week low of $3.23 and a fifty-two week high of $9.66. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -6.62 and a beta of 2.30. The stock has a fifty day moving average of $8.97 and a 200-day moving average of $7.67.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio is -3.01%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently added to or reduced their stakes in DHC. Goldman Sachs Group Inc. lifted its holdings in Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares during the last quarter. Cibc World Markets Corp bought a new stake in Diversified Healthcare Trust during the fourth quarter worth about $4,484,000. Bank of America Corp DE increased its holdings in shares of Diversified Healthcare Trust by 486.4% during the third quarter. Bank of America Corp DE now owns 1,031,323 shares of the real estate investment trust’s stock worth $4,548,000 after buying an additional 855,447 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Diversified Healthcare Trust by 653.4% during the fourth quarter. Russell Investments Group Ltd. now owns 863,472 shares of the real estate investment trust’s stock worth $4,188,000 after buying an additional 748,861 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Diversified Healthcare Trust in the third quarter valued at approximately $2,793,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DHC shares. Wall Street Zen cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. B. Riley Financial lifted their price objective on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Royal Bank Of Canada boosted their price objective on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Maxim Group raised their target price on Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.83.

Read Our Latest Stock Report on DHC

About Diversified Healthcare Trust

(Get Free Report)

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.

See Also

Earnings History for Diversified Healthcare Trust (NASDAQ:DHC)

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