Diversified Healthcare Trust (DHC) to Issue Quarterly Dividend of $0.01 on February 20th

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, January 27th.

Diversified Healthcare Trust has a payout ratio of -5.3% indicating that 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 Up 2.8 %

Diversified Healthcare Trust stock opened at $2.18 on Friday. The firm has a market cap of $525.97 million, a price-to-earnings ratio of -1.35 and a beta of 2.17. The firm has a fifty day moving average price of $2.33 and a two-hundred day moving average price of $3.02. Diversified Healthcare Trust has a fifty-two week low of $2.01 and a fifty-two week high of $4.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter in the previous year, the company earned $0.03 EPS.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DHC shares. StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, October 14th.

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.