Diversified Healthcare Trust (DHCNL) to Release Earnings on Monday

Diversified Healthcare Trust (NASDAQ:DHCNL) is anticipated to announce its results before the market opens on Monday, February 23rd. Analysts expect the company to announce earnings of ($0.1750) per share and revenue of $392.8890 million for the quarter.

Diversified Healthcare Trust Stock Down 0.4%

Shares of DHCNL opened at $18.18 on Friday. The company’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.04. Diversified Healthcare Trust has a 52 week low of $14.20 and a 52 week high of $19.51.

Diversified Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Sunday, February 15th will be issued a dividend of $0.3819 per share. This represents a $1.53 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, February 13th.

Diversified Healthcare Trust is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of net leased healthcare properties in the United States. Headquartered in Newton, Massachusetts, the company focuses on long-term, triple-net leases with creditworthy operators of senior housing, skilled nursing facilities, medical office buildings and life science properties. Its business model centers on generating stable rental income through passive, inflation-protected lease structures.

Since its formation in 2013, Diversified Healthcare Trust has grown its portfolio through targeted acquisitions and selective development partnerships, assembling assets across multiple states and care segments.