What is B. Riley’s Estimate for DHC FY2024 Earnings?

Diversified Healthcare Trust (NASDAQ:DHC) – Research analysts at B. Riley decreased their FY2024 earnings per share estimates for Diversified Healthcare Trust in a report issued on Wednesday, November 6th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $0.05 for the year, down from their previous forecast of $0.20. B. Riley has a “Buy” rating and a $6.00 price target on the stock. The consensus estimate for Diversified Healthcare Trust’s current full-year earnings is $0.20 per share. B. Riley also issued estimates for Diversified Healthcare Trust’s Q4 2024 earnings at ($0.01) EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.30 EPS, Q1 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.20 EPS and FY2026 earnings at $0.80 EPS.

DHC has been the subject of a number of other research reports. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price target 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.

Diversified Healthcare Trust Trading Down 1.9 %

Shares of NASDAQ:DHC opened at $2.63 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.63 and a current ratio of 11.57. The stock has a market capitalization of $634.54 million, a price-to-earnings ratio of -1.63 and a beta of 2.23. Diversified Healthcare Trust has a 1-year low of $1.94 and a 1-year high of $4.24. The company has a 50 day moving average price of $3.55 and a 200 day moving average price of $3.12.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same quarter last year, the business posted $0.03 EPS.

Institutional Trading of Diversified Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Diversified Healthcare Trust by 99.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 7,629 shares during the period. Atomi Financial Group Inc. purchased a new stake in Diversified Healthcare Trust in the 1st quarter worth approximately $46,000. New England Private Wealth Advisors LLC acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter valued at $62,000. Creative Planning grew its holdings in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Diversified Healthcare Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 6,603 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is -2.48%.

Diversified Healthcare Trust Company Profile

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.