Diversified Healthcare Trust (NASDAQ:DHC) Issues Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Diversified Healthcare Trust (NASDAQ:DHC) released its quarterly earnings data on Monday. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21), FiscalAI reports. The firm had revenue of $379.57 million during the quarter, compared to analysts’ expectations of $392.89 million. Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock traded down $0.09 on Monday, hitting $6.15. 2,011,589 shares of the company were exchanged, compared to its average volume of 1,888,820. The company has a quick ratio of 16.89, a current ratio of 16.89 and a debt-to-equity ratio of 1.61. The company has a 50-day moving average price of $5.60 and a 200 day moving average price of $4.73. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -4.21 and a beta of 2.43. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $6.85.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.74%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. B. Riley Financial reiterated a “buy” rating and set a $6.50 price target (up previously from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday, December 15th. Zacks Research lowered Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $3.00 to $5.00 in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Insider Buying and Selling

In related news, CEO Christopher J. Bilotto acquired 20,000 shares of the 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 purchase, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This represents a 8.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.06% of the company’s stock.

Institutional Trading of Diversified Healthcare Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its holdings in Diversified Healthcare Trust by 28.7% in the fourth quarter. Corient Private Wealth LLC now owns 16,242 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 3,621 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $49,000. VARCOV Co. acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $246,000. Tudor Investment Corp ET AL purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth approximately $176,000. Finally, Millennium Management LLC acquired a new stake in Diversified Healthcare Trust in the fourth quarter valued at approximately $2,415,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Company Profile

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.