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

Diversified Healthcare Trust (NASDAQ:DHC) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be paid 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 dividend yield of 1.95%.

Diversified Healthcare Trust has a payout ratio of -5.3% indicating that 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 $0.30 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 Performance

NASDAQ DHC traded down $0.03 during trading hours on Thursday, reaching $2.05. 41,076 shares of the company were exchanged, compared to its average volume of 778,323. Diversified Healthcare Trust has a 1 year low of $2.01 and a 1 year high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The business’s 50 day simple moving average is $2.40 and its 200-day simple moving average is $3.07. The stock has a market capitalization of $494.60 million, a P/E ratio of -1.27 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last released its 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). The firm had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period in the prior year, the business earned $0.03 earnings per share. On average, equities research analysts expect that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

DHC has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 6th.

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.