Diversified Healthcare Trust (NASDAQ:DHC) Posts Quarterly Earnings Results, Misses Expectations By $0.46 EPS

Diversified Healthcare Trust (NASDAQ:DHC) issued its earnings results on Monday. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46), Zacks reports. The business had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. During the same period in the prior year, the business posted $0.03 EPS.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $2.96 on Tuesday. The business has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $3.12. Diversified Healthcare Trust has a fifty-two week low of $1.94 and a fifty-two week high of $4.24. The firm has a market cap of $712.09 million, a PE ratio of -2.38 and a beta of 2.23. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.70%.

Wall Street Analyst Weigh In

DHC has been the topic of several research reports. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. B. Riley upped their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Company Profile

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.