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

Diversified Healthcare Trust (NASDAQ:DHC) announced a quarterly dividend on Thursday, April 10th, RTT News reports. Investors of record on Tuesday, April 22nd will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, May 15th. This represents a $0.04 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, April 22nd.

Diversified Healthcare Trust has a dividend payout ratio of -5.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock opened at $2.24 on Friday. The firm has a market capitalization of $539.16 million, a PE ratio of -1.39 and a beta of 2.02. Diversified Healthcare Trust has a 12-month low of $2.00 and a 12-month high of $4.24. The firm has a 50-day moving average price of $2.48 and a 200-day moving average price of $2.62. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.31. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The business had revenue of $379.62 million during the quarter, compared to analyst estimates of $370.97 million.

Analyst Ratings Changes

DHC has been the topic of a number of research reports. B. Riley started coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They set a “buy” rating and a $4.50 target price on the stock. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th.

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.