Q3 2024 Earnings Estimate for Diversified Healthcare Trust (NASDAQ:DHC) Issued By B. Riley

Diversified Healthcare Trust (NASDAQ:DHC) – Research analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for Diversified Healthcare Trust in a report issued on Monday, August 5th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.07. B. Riley has a “Buy” rating and a $6.00 price objective on the stock. The consensus estimate for Diversified Healthcare Trust’s current full-year earnings is $0.22 per share. B. Riley also issued estimates for Diversified Healthcare Trust’s FY2024 earnings at $0.20 EPS and Q1 2025 earnings at $0.10 EPS.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). The business had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.05% and a negative net margin of 24.14%. During the same period in the previous year, the company earned $0.05 earnings per share.

Separately, StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday.

Diversified Healthcare Trust Trading Up 2.0 %

Shares of DHC stock opened at $3.11 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 8.76 and a quick ratio of 8.76. The company has a market cap of $748.37 million, a price-to-earnings ratio of -2.27 and a beta of 2.20. The stock has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $2.77. Diversified Healthcare Trust has a 1-year low of $1.68 and a 1-year high of $3.96.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, July 22nd. Diversified Healthcare Trust’s dividend payout ratio is presently -2.92%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of hedge funds have recently modified their holdings of DHC. Allspring Global Investments Holdings LLC lifted its stake in Diversified Healthcare Trust by 84.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 3,510 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Diversified Healthcare Trust during the 1st quarter worth about $46,000. Simplicity Wealth LLC acquired a new position in Diversified Healthcare Trust during the 1st quarter worth about $56,000. New England Private Wealth Advisors LLC acquired a new position in Diversified Healthcare Trust during the 2nd quarter worth about $62,000. Finally, Victory Capital Management Inc. lifted its stake in Diversified Healthcare Trust by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 5,379 shares in the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.