Diversified Healthcare Trust (NASDAQ:DHC) Releases Earnings Results, Misses Expectations By $0.06 EPS

Diversified Healthcare Trust (NASDAQ:DHC) issued its quarterly earnings data on Monday. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06), FiscalAI reports. The firm had revenue of $367.67 million during the quarter, compared to analyst estimates of $370.87 million. Diversified Healthcare Trust had a negative net margin of 10.29% and a negative return on equity of 9.37%.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $7.55 on Wednesday. The company has a current ratio of 4.66, a quick ratio of 4.67 and a debt-to-equity ratio of 1.52. The firm has a fifty day moving average price of $7.76 and a 200 day moving average price of $7.77. The company has a market cap of $1.83 billion, a P/E ratio of 14.89 and a beta of 2.34. Diversified Healthcare Trust has a 12 month low of $3.92 and a 12 month high of $9.66.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, October 19th. Diversified Healthcare Trust’s payout ratio is -3.60%.

Analyst Ratings Changes

Several research firms have weighed in on DHC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Diversified Healthcare Trust has an average rating of “Moderate Buy” and an average target price of $9.83.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.