Diversified Healthcare Trust (NASDAQ:DHC) Declares Quarterly Dividend of $0.01

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, January 15th. Investors of record on Monday, January 26th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, January 26th.

Diversified Healthcare Trust has decreased its dividend payment by an average of 0.5%annually over the last three years. Diversified Healthcare Trust has a payout ratio of -5.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Diversified Healthcare Trust Price Performance

NASDAQ:DHC traded up $0.15 during trading hours on Thursday, hitting $5.50. 1,159,847 shares of the stock were exchanged, compared to its average volume of 1,434,642. The firm’s fifty day moving average price is $4.86 and its 200 day moving average price is $4.25. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week high of $5.53. The company has a market cap of $1.33 billion, a P/E ratio of -3.77 and a beta of 2.42. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.The firm had revenue of $388.71 million for the quarter, compared to analysts’ expectations of $382.10 million.

Insider Transactions at Diversified Healthcare Trust

In related news, CEO Christopher J. Bilotto bought 20,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were bought at an average price of $4.89 per share, with a total value of $97,800.00. Following the completion of the transaction, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at $1,302,133.65. This represents a 8.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently modified their holdings of DHC. Carronade Capital Management LP boosted its position in shares of Diversified Healthcare Trust by 181.9% during the 3rd quarter. Carronade Capital Management LP now owns 4,561,748 shares of the real estate investment trust’s stock worth $20,117,000 after acquiring an additional 2,943,300 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Diversified Healthcare Trust by 158.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after purchasing an additional 2,370,459 shares during the period. Centersquare Investment Management LLC purchased a new stake in shares of Diversified Healthcare Trust in the third quarter valued at about $6,383,000. Bank of America Corp DE lifted its holdings in shares of Diversified Healthcare Trust by 486.4% in the 3rd quarter. Bank of America Corp DE now owns 1,031,323 shares of the real estate investment trust’s stock valued at $4,548,000 after buying an additional 855,447 shares during the period. Finally, LDR Capital Management LLC purchased a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $2,560,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.