Diversified Healthcare Trust (NASDAQ:DHC – Get 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
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
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.
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