Diversified Healthcare Trust (NASDAQ:DHC) Plans Quarterly Dividend of $0.01

Diversified Healthcare Trust (NASDAQ:DHC) announced a quarterly dividend on Thursday, April 10th, RTT News reports. Stockholders of record on Tuesday, April 22nd will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, May 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 22nd.

Diversified Healthcare Trust has a payout ratio of -5.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Diversified Healthcare Trust Stock Down 1.9 %

Shares of NASDAQ:DHC opened at $2.07 on Friday. The company has a market cap of $499.36 million, a price-to-earnings ratio of -1.29 and a beta of 2.02. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.24. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average price of $2.53 and a 200 day moving average price of $2.69.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.31. The business had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DHC shares. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a report on Thursday, April 3rd. They issued a “buy” rating and a $4.50 target price for the company.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.