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

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) announced a quarterly dividend on Thursday, July 10th, RTT News reports. Stockholders 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 dividend yield of 1.05%.

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 3.8%

Shares of NASDAQ:DHC traded up $0.14 during trading on Thursday, reaching $3.80. The stock had a trading volume of 1,759,314 shares, compared to its average volume of 985,790. The business has a fifty day moving average price of $3.31 and a 200-day moving average price of $2.71. The company has a quick ratio of 14.36, a current ratio of 14.36 and a debt-to-equity ratio of 1.44. The stock has a market cap of $916.75 million, a P/E ratio of -3.11 and a beta of 2.45. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $4.24.

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

Wall Street Analysts Forecast Growth

DHC has been the topic of several research analyst reports. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 target price on the stock. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter worth about $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Diversified Healthcare Trust by 4.4% during the first 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 during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Diversified Healthcare Trust by 158.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust's stock worth $9,270,000 after buying an additional 2,370,459 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.

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.