Diversified Healthcare Trust (DHC) to Issue Quarterly Dividend of $0.01 on November 19th

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 dividend yield of 1.15%. The ex-dividend date is Friday, October 23rd.

Shares of DHC opened at $3.48 on Friday. The stock has a fifty day moving average of $3.67 and a two-hundred day moving average of $3.69. 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 company has a market capitalization of $826.88 million, a PE ratio of -8.48, a price-to-earnings-growth 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 issued 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, equities research analysts forecast that Diversified Healthcare Trust will post 0.8 earnings per share for the current fiscal year.

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