Diversified Healthcare Trust (DHC) to Release Earnings on Monday

Diversified Healthcare Trust (NASDAQ:DHC) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. The firm had revenue of $371.39 million during the quarter, compared to analyst estimates of $372.11 million. During the same period in the prior year, the business posted $0.05 EPS. On average, analysts expect Diversified Healthcare Trust to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Diversified Healthcare Trust Trading Down 2.8 %

NASDAQ:DHC opened at $3.47 on Friday. The company has a market cap of $834.78 million, a P/E ratio of -2.34 and a beta of 2.23. Diversified Healthcare Trust has a twelve month low of $1.94 and a twelve month high of $4.24. The business has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $3.11. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.70%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DHC. StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Royal Bank of Canada raised their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, B. Riley boosted their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 5th.

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.