Diversified Healthcare Trust (NASDAQ:DHC) Issues Quarterly Earnings Results

Diversified Healthcare Trust (NASDAQ:DHC) issued its quarterly earnings data on Monday. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.06), FiscalAI reports. The company had revenue of $367.67 million for the quarter, compared to the consensus estimate of $370.87 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC traded down $0.04 on Monday, hitting $7.74. The stock had a trading volume of 1,311,834 shares, compared to its average volume of 1,839,616. 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 stock has a market cap of $1.87 billion, a price-to-earnings ratio of -6.97 and a beta of 2.29. The business’s 50-day simple moving average is $7.77 and its two-hundred day simple moving average is $7.75. Diversified Healthcare Trust has a 52-week low of $3.92 and a 52-week high of $9.66.

Diversified Healthcare Trust Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Thursday, October 15th. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.