Diversified Healthcare Trust (NASDAQ:DHC) Shareholders to Collect $0.01 Quarterly Dividend

Key Points

• Diversified Healthcare Trust declared a quarterly dividend of $0.01 per share, payable November 12 to shareholders of record on October 19. The annualized dividend is $0.04 per share, representing a 0.5% yield.
• The REIT’s dividend coverage is currently weak, with a negative payout ratio of -5.9% because of losses, though analysts expect next year’s earnings to support the dividend.
• DHC’s latest quarterly results fell short of expectations: it reported a $0.16-per-share loss and revenue of $365.39 million, below the $370.75 million consensus estimate.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) announced a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be paid a dividend of $0.01 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, October 19th.

Diversified Healthcare Trust has decreased its dividend by an average of 0.4%per year over the last three years. 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. Equities research analysts expect Diversified Healthcare Trust to earn $0.76 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 5.3%.

Diversified Healthcare Trust Trading Up 0.4%

Shares of DHC stock traded up $0.03 during mid-day trading on Thursday, reaching $7.55. 2,434,281 shares of the stock traded hands, compared to its average volume of 1,859,575. The stock's fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $8.20. Diversified Healthcare Trust has a 1-year low of $3.92 and a 1-year high of $9.66. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -6.80 and a beta of 2.29. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $365.39 million during the quarter, compared to analyst estimates of $370.75 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. On average, research analysts anticipate that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust NASDAQ: DHC is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.

The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.

Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.

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