Diversified Healthcare Trust (NASDAQ:DHC) Announces Dividend of $0.01

Diversified Healthcare Trust (NASDAQ:DHC) announced a dividend on Friday, January 14th, investing.com reports. Investors of record on Monday, January 24th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 17th. This represents a yield of 1.22%. The ex-dividend date of this dividend is Friday, January 21st.

Diversified Healthcare Trust has a payout ratio of -7.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Diversified Healthcare Trust to earn $0.30 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 13.3%.

DHC stock opened at $3.28 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day moving average is $3.01 and its 200 day moving average is $3.50. Diversified Healthcare Trust has a one year low of $2.35 and a one year high of $5.58.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Wednesday, November 3rd. The real estate investment trust reported ($0.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.15). Diversified Healthcare Trust had a negative net margin of 14.48% and a negative return on equity of 8.23%. As a group, research analysts expect that Diversified Healthcare Trust will post 0.07 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in Diversified Healthcare Trust by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 4,312,699 shares of the real estate investment trust’s stock valued at $14,620,000 after purchasing an additional 76,561 shares in the last quarter. Morgan Stanley lifted its stake in shares of Diversified Healthcare Trust by 22.4% in the second quarter. Morgan Stanley now owns 1,580,506 shares of the real estate investment trust’s stock worth $6,607,000 after buying an additional 289,226 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Diversified Healthcare Trust by 137.0% in the third quarter. Jane Street Group LLC now owns 84,279 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 48,711 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Diversified Healthcare Trust by 18.6% in the third quarter. Royal Bank of Canada now owns 76,421 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 11,981 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Diversified Healthcare Trust by 43.4% in the third quarter. Janus Henderson Group PLC now owns 73,236 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 22,159 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on DHC. Zacks Investment Research lowered shares of Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday. B. Riley increased their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, December 30th.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.

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Dividend History for Diversified Healthcare Trust (NASDAQ:DHC)

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