Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02, Zacks reports. The firm had revenue of $386.86 million for the quarter, compared to analyst estimates of $381.19 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.
Diversified Healthcare Trust Stock Up 1.7 %
DHC traded up $0.05 during midday trading on Friday, reaching $3.01. 572,628 shares of the company were exchanged, compared to its average volume of 1,007,142. The company has a market cap of $726.12 million, a price-to-earnings ratio of -1.87 and a beta of 2.37. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.24. The company's fifty day moving average price is $2.42 and its 200 day moving average price is $2.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.
Diversified Healthcare Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.33%. Diversified Healthcare Trust's dividend payout ratio (DPR) is currently -3.28%.
Analyst Ratings Changes
A number of analysts recently commented on DHC shares. B. Riley assumed coverage on Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 target price for the company. StockNews.com upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th.
View Our Latest Report on DHC
About Diversified Healthcare Trust
(
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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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