Equities research analysts predict that Diversified Healthcare Trust (NASDAQ:DHC) will report sales of $395.58 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Diversified Healthcare Trust's earnings. The lowest sales estimate is $395.46 million and the highest is $395.70 million. Diversified Healthcare Trust posted sales of $255.83 million during the same quarter last year, which suggests a positive year over year growth rate of 54.6%. The business is scheduled to announce its next earnings results before the market opens on Thursday, November 5th.
On average, analysts expect that Diversified Healthcare Trust will report full-year sales of $1.65 billion for the current year, with estimates ranging from $1.64 billion to $1.65 billion. For the next year, analysts expect that the company will report sales of $1.61 billion, with estimates ranging from $1.54 billion to $1.66 billion. Zacks' sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Diversified Healthcare Trust.
Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by ($0.27). Diversified Healthcare Trust had a negative net margin of 7.14% and a negative return on equity of 3.33%.
DHC has been the topic of a number of recent research reports. Morgan Stanley increased their price target on Diversified Healthcare Trust from $2.75 to $3.00 and gave the stock an "equal weight" rating in a research report on Friday, October 9th. ValuEngine raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, October 1st. Zacks Investment Research raised Diversified Healthcare Trust from a "hold" rating to a "buy" rating and set a $4.00 price target on the stock in a research report on Monday, October 12th. Wells Fargo & Company increased their price target on Diversified Healthcare Trust from $3.50 to $4.00 and gave the stock an "equal weight" rating in a research report on Monday, June 22nd. Finally, BidaskClub raised Diversified Healthcare Trust from a "strong sell" rating to a "sell" rating in a research report on Tuesday, September 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Diversified Healthcare Trust has an average rating of "Hold" and a consensus target price of $4.20.
A number of hedge funds have recently modified their holdings of the stock. Paradigm Asset Management Co. LLC purchased a new stake in Diversified Healthcare Trust in the second quarter valued at about $32,000. Braun Bostich & Associates Inc. raised its stake in Diversified Healthcare Trust by 47.2% in the third quarter. Braun Bostich & Associates Inc. now owns 11,046 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 3,543 shares during the last quarter. Verus Capital Partners LLC purchased a new stake in Diversified Healthcare Trust in the first quarter valued at about $51,000. Diversified Trust Co purchased a new stake in Diversified Healthcare Trust in the second quarter valued at about $52,000. Finally, Magnus Financial Group LLC purchased a new stake in Diversified Healthcare Trust in the second quarter valued at about $52,000. 75.31% of the stock is currently owned by institutional investors.
DHC opened at $3.47 on Monday. Diversified Healthcare Trust has a 12-month low of $2.00 and a 12-month high of $10.21. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 1.27. The business's fifty day simple moving average is $3.67 and its 200-day simple moving average is $3.69. The company has a market capitalization of $826.88 million, a price-to-earnings ratio of -8.48, a PEG ratio of 0.46 and a beta of 0.89.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, October 23rd. Diversified Healthcare Trust's payout ratio is currently 3.05%.
About Diversified Healthcare Trust
DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.
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