B. Riley Weighs in on Diversified Healthcare Trust's Q2 2024 Earnings (NASDAQ:DHC)

Diversified Healthcare Trust (NASDAQ:DHC - Free Report) - Equities research analysts at B. Riley increased their Q2 2024 EPS estimates for shares of Diversified Healthcare Trust in a report issued on Thursday, May 9th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings of $0.03 per share for the quarter, up from their prior forecast of $0.02. The consensus estimate for Diversified Healthcare Trust's current full-year earnings is $0.15 per share. B. Riley also issued estimates for Diversified Healthcare Trust's Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at $0.11 EPS and Q1 2026 earnings at $0.18 EPS.

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, March 26th.

Diversified Healthcare Trust Trading Up 5.3 %

DHC traded up $0.12 during trading on Monday, hitting $2.39. 915,266 shares of the stock traded hands, compared to its average volume of 1,127,196. The firm has a market capitalization of $574.53 million, a P/E ratio of -1.74 and a beta of 2.09. The company has a debt-to-equity ratio of 1.26, a current ratio of 8.76 and a quick ratio of 8.76. The firm has a 50-day moving average of $2.49 and a 200 day moving average of $2.68. Diversified Healthcare Trust has a 12-month low of $0.85 and a 12-month high of $3.96.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in Diversified Healthcare Trust by 84.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 3,510 shares during the period. Verum Partners LLC bought a new stake in Diversified Healthcare Trust during the 4th quarter valued at about $43,000. Atomi Financial Group Inc. bought a new stake in Diversified Healthcare Trust during the 1st quarter valued at about $46,000. Oak Thistle LLC bought a new stake in Diversified Healthcare Trust during the 4th quarter valued at about $53,000. Finally, Simplicity Wealth LLC bought a new stake in Diversified Healthcare Trust during the 1st quarter valued at about $56,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.67%. Diversified Healthcare Trust's dividend payout ratio is -2.92%.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.