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

Diversified Healthcare Trust (NASDAQ:DHC) posted 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. The company had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $370.75 million. Diversified Healthcare Trust had a negative net margin of 21.10% and a negative return on equity of 18.75%.

Diversified Healthcare Trust Trading Down 1.0%

DHC traded down $0.09 on Monday, hitting $8.81. The company had a trading volume of 2,294,368 shares, compared to its average volume of 1,832,993. The business’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $7.67. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 1.48. Diversified Healthcare Trust has a 12-month low of $3.23 and a 12-month high of $9.66. The company has a market cap of $2.13 billion, a PE ratio of -6.62 and a beta of 2.30.

Diversified Healthcare Trust Dividend Announcement

The business 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. The ex-dividend date is Monday, July 20th. This represents a $0.04 annualized dividend and a yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -3.01%.

Analyst Ratings Changes

Several research firms have commented on DHC. Wall Street Zen downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. B. Riley Financial boosted their target price on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Freedom Capital raised Diversified Healthcare Trust to a “strong-buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada raised their price target on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Diversified Healthcare Trust has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 5,544 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Diversified Healthcare Trust by 158.9% in the first 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 last quarter. Strs Ohio bought a new stake in Diversified Healthcare Trust in the first quarter worth $103,000. JPMorgan Chase & Co. boosted its stake in Diversified Healthcare Trust by 10.1% during the second 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. Finally, Rhumbline Advisers boosted its stake in Diversified Healthcare Trust by 1.9% during the second quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock worth $1,391,000 after buying an additional 7,084 shares during the period. 75.98% of the stock is owned by institutional investors.

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.