Diversified Healthcare Trust (NASDAQ:DHC) Releases Quarterly Earnings Results

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02, Zacks reports. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The firm had revenue of $386.86 million for the quarter, compared to analyst estimates of $381.19 million.

Diversified Healthcare Trust Stock Performance

Shares of DHC traded up $0.04 during trading hours on Friday, reaching $3.00. 105,394 shares of the company traded hands, compared to its average volume of 973,774. The stock's fifty day moving average is $2.41 and its 200 day moving average is $2.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The stock has a market cap of $723.71 million, a P/E ratio of -1.86 and a beta of 2.37. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $4.24.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.33%. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -3.28%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DHC. StockNews.com upgraded 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 report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price objective for the company.

About Diversified Healthcare Trust

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.