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

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) declared a quarterly dividend on Thursday, July 10th, RTT News reports. Investors of record on Monday, July 21st will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, August 14th. This represents a $0.04 annualized dividend and a yield of 1.09%.

Diversified Healthcare Trust has a payout ratio of -5.9% 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 Performance

Shares of DHC stock opened at $3.66 on Thursday. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.24. The company has a debt-to-equity ratio of 1.44, a quick ratio of 14.36 and a current ratio of 14.36. The company has a 50 day moving average price of $3.28 and a 200 day moving average price of $2.69. The firm has a market capitalization of $882.98 million, a price-to-earnings ratio of -3.00 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Diversified Healthcare Trust had a negative net margin of 19.38% and a negative return on equity of 14.46%. The firm had revenue of $386.86 million during the quarter, compared to analyst estimates of $381.19 million.

Institutional Trading of Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently modified their holdings of DHC. Strs Ohio acquired a new stake in shares of Diversified Healthcare Trust in the 1st quarter worth about $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust's stock worth $314,000 after buying an additional 5,544 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Diversified Healthcare Trust by 158.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust's stock valued at $9,270,000 after acquiring an additional 2,370,459 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. B. Riley initiated coverage on shares of Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a "buy" rating and a $4.50 target price for the company.

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.

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