B. Riley Has Pessimistic Outlook of DHC FY2024 Earnings

Diversified Healthcare Trust (NASDAQ:DHC) – Investment analysts at B. Riley cut their FY2024 EPS estimates for Diversified Healthcare Trust in a research report issued on Wednesday, November 6th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings of $0.05 per share for the year, down from their prior estimate of $0.20. 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 $0.20 per share. B. Riley also issued estimates for Diversified Healthcare Trust’s Q4 2024 earnings at ($0.01) EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.30 EPS, Q1 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.20 EPS and FY2026 earnings at $0.80 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th.

Diversified Healthcare Trust Stock Down 6.8 %

Shares of NASDAQ:DHC opened at $2.68 on Friday. Diversified Healthcare Trust has a fifty-two week low of $1.94 and a fifty-two week high of $4.24. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The firm’s 50-day simple moving average is $3.57 and its 200-day simple moving average is $3.12. The company has a market cap of $644.73 million, a price-to-earnings ratio of -1.66 and a beta of 2.23.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.17%. The company had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. During the same period in the prior year, the company earned $0.03 earnings per share.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.48%.

Institutional Trading of Diversified Healthcare Trust

Several large investors have recently bought and sold shares of the company. BlackBarn Capital Partners LP grew its position in shares of Diversified Healthcare Trust by 128.6% in the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock valued at $12,200,000 after purchasing an additional 2,250,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in Diversified Healthcare Trust by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock worth $3,612,000 after buying an additional 40,939 shares in the last quarter. Beryl Capital Management LLC increased its position in Diversified Healthcare Trust by 23.3% during the first quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust’s stock worth $2,469,000 after buying an additional 189,815 shares in the last quarter. Garner Asset Management Corp raised its holdings in shares of Diversified Healthcare Trust by 2.7% in the first quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock worth $1,147,000 after acquiring an additional 12,103 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Diversified Healthcare Trust by 3.3% during the second quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 12,769 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

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.