Diversified Healthcare Trust (DHC) to Distribute Quarterly Dividend of $0.01 on November 12th

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, October 19th will be given a dividend of $0.01 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, October 19th.

Diversified Healthcare Trust has decreased its dividend by an average of 0.4% per year over the last three years. Diversified Healthcare Trust has a dividend payout ratio of -5.9% 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 research analysts expect Diversified Healthcare Trust to earn $0.76 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 5.3%.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock traded down $0.02 on Friday, reaching $7.59. 1,202,904 shares of the company were exchanged, compared to its average volume of 2,201,558. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -6.84 and a beta of 2.29. Diversified Healthcare Trust has a 1-year low of $3.92 and a 1-year high of $9.66. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The company’s 50-day moving average is $7.85 and its two-hundred day moving average is $8.23.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Monday, August 3rd. 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). The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. As a group, research analysts expect that Diversified Healthcare Trust will post 0.60 earnings per share for the current fiscal year.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.

The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.

Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.