Diversified Healthcare Trust (NASDAQ:DHC) Shareholders to Receive $0.01 Quarterly Dividend

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be paid a dividend of $0.01 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, October 19th.

Diversified Healthcare Trust has decreased its dividend payment by an average of 0.4%per year over the last three years. Diversified Healthcare Trust has a dividend payout ratio of -5.9% meaning 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 $0.76 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 5.3%.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $7.55 on Friday. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.83 billion, a PE ratio of -6.80 and a beta of 2.29. The firm has a fifty day simple moving average of $8.01 and a two-hundred day simple moving average of $8.21. Diversified Healthcare Trust has a twelve month low of $3.92 and a twelve month high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $370.75 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. Research analysts expect that Diversified Healthcare Trust will post 0.6 EPS for the current year.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.

The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.

Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.