Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) released its quarterly earnings results on Monday. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.46), Zacks reports. The firm had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same period in the prior year, the business earned $0.03 earnings per share.
Diversified Healthcare Trust Price Performance
Shares of Diversified Healthcare Trust stock opened at $2.96 on Tuesday. The stock has a market capitalization of $712.09 million, a P/E ratio of -2.38 and a beta of 2.23. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36. The business’s fifty day moving average price is $3.62 and its 200 day moving average price is $3.12. Diversified Healthcare Trust has a twelve month low of $1.94 and a twelve month high of $4.24.
Diversified Healthcare Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.70%.
Analyst Ratings Changes
Read Our Latest Stock Report on DHC
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.
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