Diversified Healthcare Trust (DHC) to Issue Quarterly Dividend of $0.01 on May 16th

Diversified Healthcare Trust (NASDAQ:DHC) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, May 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, April 19th.

Diversified Healthcare Trust has decreased its dividend by an average of 39.4% annually over the last three years. Diversified Healthcare Trust has a payout ratio of -5.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Diversified Healthcare Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 10.0%.

Diversified Healthcare Trust Stock Down 7.1 %

DHC opened at $2.36 on Wednesday. Diversified Healthcare Trust has a 52 week low of $0.80 and a 52 week high of $3.96. The business has a 50 day moving average price of $2.71 and a two-hundred day moving average price of $2.61. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. The company has a market cap of $567.39 million, a PE ratio of -1.92 and a beta of 2.05.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Institutional Trading of Diversified Healthcare Trust

Several hedge funds have recently modified their holdings of the business. LPL Financial LLC acquired a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth $25,000. Prelude Capital Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the second quarter valued at approximately $26,000. Bleakley Financial Group LLC acquired a new stake in shares of Diversified Healthcare Trust in the first quarter valued at approximately $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $35,000. Finally, M&T Bank Corp lifted its stake in Diversified Healthcare Trust by 48.0% in the 3rd quarter. M&T Bank Corp now owns 36,126 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 11,716 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

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.