Diversified Healthcare Trust (NASDAQ:DHC) Posts Earnings Results, Beats Estimates By $0.31 EPS

Diversified Healthcare Trust (NASDAQ:DHC) issued its earnings results on Tuesday. The real estate investment trust reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.31, Zacks reports. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Stock Performance

DHC traded up $0.04 during trading on Tuesday, hitting $2.45. 934,294 shares of the stock were exchanged, compared to its average volume of 1,093,016. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24. The stock has a fifty day moving average price of $2.35 and a two-hundred day moving average price of $2.92. The firm has a market capitalization of $591.12 million, a P/E ratio of -1.52 and a beta of 2.17.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th.

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.