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

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) announced a quarterly dividend on Sunday, July 13th, 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 1.08%. The ex-dividend date of this dividend is Monday, July 21st.

Diversified Healthcare Trust has a dividend 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 Price Performance

Shares of Diversified Healthcare Trust stock traded down $0.08 during trading on Friday, hitting $3.72. 1,126,655 shares of the company's stock traded hands, compared to its average volume of 984,989. The company has a debt-to-equity ratio of 1.44, a current ratio of 14.36 and a quick ratio of 14.36. The firm's fifty day moving average price is $3.34 and its 200 day moving average price is $2.72. Diversified Healthcare Trust has a twelve month low of $2.00 and a twelve month high of $4.24. The company has a market cap of $897.45 million, a PE ratio of -3.05 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating 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 business had revenue of $386.86 million for the quarter, compared to analyst estimates of $381.19 million.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently modified their holdings of DHC. Strs Ohio acquired a new position in Diversified Healthcare Trust in the first quarter valued at approximately $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Diversified Healthcare Trust by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust's stock valued at $314,000 after buying an additional 5,544 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in 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 buying an additional 2,370,459 shares during the period. 75.98% of the stock is 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.