Diversified Healthcare Trust (NASDAQ:DHC) Issues Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Diversified Healthcare Trust (NASDAQ:DHC) released its earnings results on Tuesday. The real estate investment trust reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.31, Zacks reports. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Stock Performance

DHC stock traded up $0.04 during trading hours on Tuesday, reaching $2.45. The stock had a trading volume of 934,294 shares, compared to its average volume of 1,093,016. The stock has a 50-day simple moving average of $2.35 and a 200 day simple moving average of $2.92. Diversified Healthcare Trust has a fifty-two week low of $2.01 and a fifty-two week high of $4.24. The stock has a market capitalization of $591.12 million, a PE ratio of -1.52 and a beta of 2.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. Diversified Healthcare Trust’s payout ratio is -2.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.