Diversified Healthcare Trust (NASDAQ:DHC - Free Report) - Analysts at B. Riley cut their Q1 2025 earnings estimates for shares of Diversified Healthcare Trust in a research report issued on Wednesday, November 6th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $0.04 per share for the quarter, down from their previous estimate of $0.10. B. Riley has a "Buy" rating and a $6.00 price target on the stock. The consensus estimate for Diversified Healthcare Trust's current full-year earnings is $0.20 per share.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. 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). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.17%. The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same period in the previous year, the company earned $0.03 earnings per share.
DHC has been the topic of a number of other research reports. JMP Securities restated a "market perform" rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 31st. Finally, Royal Bank of Canada lifted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an "underperform" rating in a report on Monday, October 14th.
Read Our Latest Analysis on Diversified Healthcare Trust
Diversified Healthcare Trust Stock Performance
DHC traded down $0.19 during midday trading on Thursday, hitting $2.68. 1,961,953 shares of the company traded hands, compared to its average volume of 1,066,396. The company's 50-day moving average is $3.57 and its 200 day moving average is $3.12. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $644.73 million, a PE ratio of -1.66 and a beta of 2.23. Diversified Healthcare Trust has a 52 week low of $1.94 and a 52 week high of $4.24.
Hedge Funds Weigh In On Diversified Healthcare Trust
Institutional investors have recently bought and sold shares of the stock. BlackBarn Capital Partners LP raised its stake in Diversified Healthcare Trust by 128.6% during the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust's stock worth $12,200,000 after acquiring an additional 2,250,000 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of Diversified Healthcare Trust during the 1st quarter valued at $46,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Diversified Healthcare Trust by 99.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 7,629 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Diversified Healthcare Trust in the 1st quarter worth $187,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Diversified Healthcare Trust by 68.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust's stock worth $169,000 after buying an additional 16,456 shares in the last quarter. 75.98% of the stock is owned by institutional investors.
Diversified Healthcare Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a $0.01 dividend. The ex-dividend date is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.49%. Diversified Healthcare Trust's payout ratio is presently -2.48%.
About Diversified Healthcare Trust
(
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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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