Diversified Healthcare Trust (NASDAQ:DHC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Diversified Healthcare Trust (NASDAQ:DHC) released its earnings results on Monday. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.04), Zacks reports. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.

Diversified Healthcare Trust Stock Performance

DHC opened at $4.42 on Tuesday. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week high of $4.65. The company has a market cap of $1.07 billion, a P/E ratio of -3.71 and a beta of 2.65. The firm’s 50-day moving average price is $4.22 and its 200-day moving average price is $3.60.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, October 27th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, October 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. Diversified Healthcare Trust’s dividend payout ratio is -3.36%.

Wall Street Analyst Weigh In

DHC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, October 8th. B. Riley lifted their target price on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.50.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently bought and sold shares of DHC. Raymond James Financial Inc. acquired a new stake in Diversified Healthcare Trust during the 2nd quarter worth about $28,000. Tower Research Capital LLC TRC grew its holdings in Diversified Healthcare Trust by 222.2% during the second quarter. Tower Research Capital LLC TRC now owns 24,008 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 16,556 shares during the period. Quantbot Technologies LP acquired a new stake in Diversified Healthcare Trust during the second quarter worth about $87,000. Boothbay Fund Management LLC acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $124,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Diversified Healthcare Trust by 144.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 36,022 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 21,301 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.

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.