Diversified Healthcare Trust (DHC) To Go Ex-Dividend on October 23rd

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, October 15th, Zacks reports. Investors of record on Monday, October 26th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, November 19th. This represents a $0.04 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, October 23rd.

Diversified Healthcare Trust stock opened at $3.48 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 3.45 and a current ratio of 3.45. The business’s 50-day simple moving average is $3.67 and its two-hundred day simple moving average is $3.69. The company has a market cap of $826.88 million, a PE ratio of -8.48, a PEG ratio of 0.46 and a beta of 0.89. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $10.21.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.27). Diversified Healthcare Trust had a negative net margin of 7.14% and a negative return on equity of 3.33%. As a group, analysts predict that Diversified Healthcare Trust will post 0.8 EPS for the current fiscal year.

A number of brokerages have recently commented on DHC. ValuEngine upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. Morgan Stanley upped their target price on Diversified Healthcare Trust from $2.75 to $3.00 and gave the stock an “equal weight” rating in a research note on Friday, October 9th. Zacks Investment Research upgraded Diversified Healthcare Trust from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Monday, October 12th. Wells Fargo & Company upped their target price on Diversified Healthcare Trust from $3.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. Finally, BidaskClub upgraded Diversified Healthcare Trust from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Diversified Healthcare Trust has an average rating of “Hold” and a consensus price target of $4.20.

About Diversified Healthcare Trust

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

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Dividend History for Diversified Healthcare Trust (NASDAQ:DHC)

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