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

Diversified Healthcare Trust (NASDAQ:DHC) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 annualized dividend and a yield of 1.95%.

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 analysts expect Diversified Healthcare Trust to earn $0.30 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 13.3%.

Diversified Healthcare Trust Stock Down 1.4 %

Shares of DHC stock traded down $0.03 during mid-day trading on Thursday, hitting $2.05. The company’s stock had a trading volume of 41,076 shares, compared to its average volume of 778,323. The stock has a market cap of $494.60 million, a price-to-earnings ratio of -1.27 and a beta of 2.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. Diversified Healthcare Trust has a 52-week low of $2.01 and a 52-week high of $4.24. The business has a 50-day moving average price of $2.40 and a 200 day moving average price of $3.07.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The firm had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. During the same quarter last year, the business earned $0.03 earnings per share. Research analysts predict that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DHC shares. StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Royal Bank of Canada increased their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Company Profile

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.