Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46), Zacks reports. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. The company had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same quarter last year, the business earned $0.03 earnings per share.
Diversified Healthcare Trust Price Performance
Diversified Healthcare Trust stock traded down $0.69 during midday trading on Tuesday, hitting $2.83. 6,283,778 shares of the company's stock were exchanged, compared to its average volume of 1,056,304. The stock has a 50-day moving average price of $3.62 and a two-hundred day moving average price of $3.12. Diversified Healthcare Trust has a 52-week low of $1.94 and a 52-week high of $4.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. The company has a market cap of $680.83 million, a P/E ratio of -1.68 and a beta of 2.23.
Diversified Healthcare Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, October 28th. Diversified Healthcare Trust's payout ratio is -2.48%.
Analysts Set New Price Targets
Several equities research analysts recently commented on DHC shares. JMP Securities reaffirmed a "market perform" rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. Royal Bank of Canada raised their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research note on Monday, October 14th. Finally, B. Riley lifted their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Monday, August 5th.
Check Out Our Latest Stock Analysis on DHC
About Diversified Healthcare Trust
(
Get Free Report)
DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.
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