Diversified Healthcare Trust (NASDAQ:DHC) Releases Quarterly Earnings Results, Misses Estimates By $0.44 EPS

Diversified Healthcare Trust (NASDAQ:DHC) posted its earnings results on Thursday. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44), Zacks reports. Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.05%. The firm had revenue of $371.39 million for the quarter, compared to analysts’ expectations of $372.11 million. During the same period in the previous year, the company earned $0.05 EPS.

Diversified Healthcare Trust Stock Down 1.2 %

DHC stock traded down $0.04 on Friday, hitting $3.25. 1,070,658 shares of the company’s stock were exchanged, compared to its average volume of 987,054. The firm has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $2.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 8.76 and a current ratio of 8.76. Diversified Healthcare Trust has a 12-month low of $1.68 and a 12-month high of $3.96. The stock has a market cap of $782.05 million, a P/E ratio of -2.37 and a beta of 2.20.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be given a $0.01 dividend. The ex-dividend date is Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.23%. Diversified Healthcare Trust’s payout ratio is -2.92%.

About Diversified Healthcare Trust

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.