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

Diversified Healthcare Trust (NASDAQ:DHC) posted its earnings results on Tuesday. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.31, Zacks reports. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Stock Up 1.7 %

Shares of DHC stock traded up $0.04 during trading hours on Tuesday, reaching $2.45. 934,294 shares of the stock were exchanged, compared to its average volume of 1,093,016. The business’s fifty day moving average is $2.35 and its two-hundred day moving average is $2.92. The firm has a market capitalization of $591.12 million, a P/E ratio of -1.52 and a beta of 2.17. Diversified Healthcare Trust has a 12-month low of $2.01 and a 12-month high of $4.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Analysts Set New Price Targets

Separately, StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th.

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.