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

Key Points

• Diversified Healthcare Trust declared a quarterly dividend of $0.01 per share, payable May 14 to shareholders of record April 21 (ex-dividend April 21), implying about a 0.5% yield.
• The REIT's payout ratio is -5.9% and it has cut its dividend on average 0.4% annually over the past three years, indicating it cannot currently cover the dividend with earnings and is relying on its balance sheet.
• The company reported Q4 EPS of -$0.09 versus a $0.12 consensus and missed revenue estimates, showing negative margins and ROE; shares traded up ~3.7% to $7.29, with a 52-week range of $2.00–$7.66 and a market cap around $1.77 billion.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) announced a quarterly dividend on Thursday, April 9th. Investors of record on Tuesday, April 21st will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, April 21st.

Diversified Healthcare Trust has decreased its dividend by an average of 0.4%annually over the last three years. Diversified Healthcare Trust has a payout ratio of -5.9% 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 Trading Up 3.7%

Shares of DHC traded up $0.26 during trading hours on Thursday, reaching $7.29. The stock had a trading volume of 1,752,534 shares, compared to its average volume of 2,062,578. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $7.66. The firm has a 50-day moving average of $6.71 and a 200 day moving average of $5.43. The company has a market cap of $1.77 billion, a P/E ratio of -6.13 and a beta of 2.35.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.21). Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%. The firm had revenue of $379.57 million during the quarter, compared to the consensus estimate of $392.89 million.

Hedge Funds Weigh In On Diversified Healthcare Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Diversified Healthcare Trust by 174.5% in the 4th quarter. CWM LLC now owns 6,555 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 4,167 shares during the period. Raymond James Financial Inc. bought a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $28,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $49,000. L2 Asset Management LLC bought a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $49,000. Finally, Ground Swell Capital LLC bought a new position in shares of Diversified Healthcare Trust in the 3rd quarter valued at about $45,000. 75.98% of the stock is owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company's portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.

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