Diversified Healthcare Trust Declares Quarterly Dividend of $0.01 (NASDAQ:DHC)

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, May 16th. This represents a $0.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, April 19th.

Diversified Healthcare Trust has decreased its dividend payment by an average of 39.4% annually over the last three years. Diversified Healthcare Trust has a payout ratio of -5.3% 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 $0.40 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 10.0%.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock traded down $0.08 on Friday, reaching $2.53. 518,513 shares of the company were exchanged, compared to its average volume of 1,251,310. The firm has a market cap of $608.26 million, a price-to-earnings ratio of -2.06 and a beta of 2.05. Diversified Healthcare Trust has a 1-year low of $0.80 and a 1-year high of $3.96. The company has a debt-to-equity ratio of 1.21, a quick ratio of 8.46 and a current ratio of 8.46. The company's 50-day moving average is $2.71 and its two-hundred day moving average is $2.60.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Diversified Healthcare Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC bought a new stake in shares of Diversified Healthcare Trust during the second quarter valued at about $25,000. Prelude Capital Management LLC bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth about $26,000. Bleakley Financial Group LLC bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter worth about $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of Diversified Healthcare Trust in the 2nd quarter worth approximately $35,000. Finally, M&T Bank Corp boosted its holdings in shares of Diversified Healthcare Trust by 48.0% in the third quarter. M&T Bank Corp now owns 36,126 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 11,716 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.

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.