Diversified Healthcare Trust (NASDAQ:DHC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Diversified Healthcare Trust (NASDAQ:DHC) posted its earnings results on Monday. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01), FiscalAI reports. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.04%. The firm had revenue of $365.39 million during the quarter, compared to analyst estimates of $370.75 million.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $8.80 on Wednesday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 1.48. Diversified Healthcare Trust has a 52 week low of $3.23 and a 52 week high of $9.66. The firm’s 50 day moving average is $8.97 and its two-hundred day moving average is $7.72. The firm has a market capitalization of $2.13 billion, a P/E ratio of -6.62 and a beta of 2.30.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio is currently -3.01%.

Wall Street Analyst Weigh In

DHC has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. B. Riley Financial increased their price target on Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Finally, Freedom Capital raised shares of Diversified Healthcare Trust to a “strong-buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Institutional Investors Weigh In On Diversified Healthcare Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC grew its holdings in shares of Diversified Healthcare Trust by 24.1% during the fourth quarter. Corient Private Wealth LLC now owns 15,664 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 3,043 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $49,000. VARCOV Co. acquired a new position in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $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 purchased a new position in Diversified Healthcare Trust in the 4th quarter valued at $2,415,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

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.