Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be given a dividend of $0.01 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, October 19th.
Diversified Healthcare Trust has decreased its dividend by an average of 0.4%annually over the last three years. Diversified Healthcare Trust has a dividend payout ratio of -5.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Diversified Healthcare Trust to earn $0.76 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 5.3%.
Diversified Healthcare Trust Trading Up 0.4%
Shares of DHC stock traded up $0.03 during trading hours on Thursday, hitting $7.55. 2,434,281 shares of the company were exchanged, compared to its average volume of 1,859,575. The firm has a market cap of $1.83 billion, a P/E ratio of -6.80 and a beta of 2.29. Diversified Healthcare Trust has a fifty-two week low of $3.92 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The company has a 50 day simple moving average of $8.03 and a two-hundred day simple moving average of $8.20.
Wall Street Analysts Forecast Growth
DHC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Royal Bank Of Canada raised their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.
Read Our Latest Research Report on Diversified Healthcare Trust
Diversified Healthcare Trust Company Profile
Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.
The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.
Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.
See Also
- Five stocks we like better than Diversified Healthcare Trust
- Want Private-Market Access to Kalshi and Polymarket? Try This ETF
- Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
Receive News & Ratings for Diversified Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.
