Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.92%.
Diversified Healthcare Trust has a payout ratio of -5.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Diversified Healthcare Trust to earn $0.30 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 13.3%.
Diversified Healthcare Trust Price Performance
Shares of DHC stock remained flat at $2.08 during trading on Thursday. 930,516 shares of the stock were exchanged, compared to its average volume of 868,962. The stock has a market capitalization of $501.85 million, a P/E ratio of -1.29 and a beta of 2.17. Diversified Healthcare Trust has a twelve month low of $2.01 and a twelve month high of $4.24. The firm's 50 day moving average is $2.40 and its two-hundred day moving average is $3.07. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The business had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. Research analysts anticipate that Diversified Healthcare Trust will post 0.05 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on DHC shares. Royal Bank of Canada increased their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a report on Monday, October 14th. StockNews.com downgraded shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Monday, January 6th.
Check Out Our Latest Report on DHC
About Diversified Healthcare Trust
(
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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.
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