Diversified Healthcare Trust (NASDAQ:DHC) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Diversified Healthcare Trust (NASDAQ:DHC) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.31, Zacks reports. Diversified Healthcare Trust had a negative return on equity of 18.75% and a negative net margin of 21.10%.The business had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million.

Diversified Healthcare Trust Trading Down 1.0%

Shares of Diversified Healthcare Trust stock opened at $8.81 on Tuesday. The company has a market capitalization of $2.13 billion, a P/E ratio of -6.62 and a beta of 2.30. The stock has a fifty day simple moving average of $8.97 and a 200 day simple moving average of $7.69. Diversified Healthcare Trust has a 12-month low of $3.23 and a 12-month high of $9.66. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 1.48.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -3.01%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently added to or reduced their stakes in DHC. Corient Private Wealth LLC lifted its holdings in Diversified Healthcare Trust by 24.1% during the fourth quarter. Corient Private Wealth LLC now owns 15,664 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 3,043 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth $49,000. VARCOV Co. purchased a new position in shares of Diversified Healthcare Trust in the fourth quarter valued at $246,000. Tudor Investment Corp ET AL purchased a new position in Diversified Healthcare Trust during the 4th quarter valued at about $176,000. Finally, Millennium Management LLC bought a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $2,415,000. 75.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHC has been the subject of several analyst reports. Maxim Group raised their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada raised their price target on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Wall Street Zen downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.