Diversified Healthcare Trust (NASDAQ:DHC) Posts Earnings Results, Beats Estimates By $0.28 EPS

Diversified Healthcare Trust (NASDAQ:DHC) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.28, Zacks reports. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. The business had revenue of $367.67 million during the quarter, compared to analyst estimates of $370.87 million.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock traded down $0.04 on Monday, reaching $7.74. 1,311,834 shares of the stock were exchanged, compared to its average volume of 1,839,616. Diversified Healthcare Trust has a twelve month low of $3.92 and a twelve month high of $9.66. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -6.97 and a beta of 2.29. The business has a 50 day moving average price of $7.77 and a two-hundred day moving average price of $7.75.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, October 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.60%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DHC shares. Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.