Diversified Healthcare Trust (NASDAQ:DHC) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Diversified Healthcare Trust (NASDAQ:DHC) released its quarterly earnings results on Monday. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06), FiscalAI reports. The business had revenue of $367.67 million during the quarter, compared to analysts’ expectations of $370.87 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%.

Diversified Healthcare Trust Trading Down 0.5%

Shares of NASDAQ:DHC opened at $7.74 on Tuesday. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. Diversified Healthcare Trust has a 52-week low of $3.92 and a 52-week high of $9.66. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -6.97 and a beta of 2.29. The business has a 50-day moving average price of $7.76 and a 200-day moving average price of $7.76.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a $0.01 dividend. The ex-dividend date is Monday, October 19th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.60%.

Wall Street Analyst Weigh In

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

Diversified Healthcare Trust Company Profile

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.