Analysts expect that Diversified Healthcare Trust (NASDAQ:DHC) will report $0.11 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Diversified Healthcare Trust’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.16. Diversified Healthcare Trust reported earnings of $0.29 per share during the same quarter last year, which would indicate a negative year over year growth rate of 62.1%. The business is expected to announce its next quarterly earnings report on Thursday, November 5th.
According to Zacks, analysts expect that Diversified Healthcare Trust will report full-year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.53 to $0.85. For the next financial year, analysts forecast that the company will post earnings of $0.53 per share, with EPS estimates ranging from $0.35 to $0.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Diversified Healthcare Trust.
Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.27). Diversified Healthcare Trust had a negative net margin of 7.14% and a negative return on equity of 3.33%.
DHC has been the subject of several research analyst reports. ValuEngine upgraded Diversified Healthcare Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 12th. JMP Securities began coverage on Diversified Healthcare Trust in a research note on Monday, June 8th. They issued a “market perform” rating for the company. Wells Fargo & Co lifted their target price on Diversified Healthcare Trust from $3.50 to $4.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Morgan Stanley lowered their target price on Diversified Healthcare Trust from $8.00 to $2.75 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Finally, Royal Bank of Canada lowered their target price on Diversified Healthcare Trust from $7.00 to $3.00 and set an “underperform” rating for the company in a research note on Tuesday, May 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Diversified Healthcare Trust presently has an average rating of “Hold” and an average target price of $5.30.
DHC traded down $0.07 during midday trading on Tuesday, reaching $3.87. The company’s stock had a trading volume of 881,500 shares, compared to its average volume of 2,342,252. Diversified Healthcare Trust has a twelve month low of $2.00 and a twelve month high of $10.21. The stock has a market cap of $938.71 million, a P/E ratio of -9.49 and a beta of 0.86. The company has a fifty day simple moving average of $3.99 and a 200 day simple moving average of $4.01. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 1.27.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, July 27th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.03%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently 3.05%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Diversified Healthcare Trust in the first quarter valued at about $123,961,000. State Street Corp acquired a new position in Diversified Healthcare Trust in the first quarter valued at about $51,151,000. Bank of New York Mellon Corp acquired a new position in Diversified Healthcare Trust in the first quarter valued at about $21,999,000. Geode Capital Management LLC acquired a new position in Diversified Healthcare Trust in the first quarter valued at about $18,043,000. Finally, Centersquare Investment Management LLC acquired a new position in Diversified Healthcare Trust in the first quarter valued at about $17,855,000. 75.31% of the stock is owned by institutional investors and hedge funds.
Diversified Healthcare Trust Company Profile
Diversified Healthcare Trust (Nasdaq: DHC) is a healthcare Real Estate Investment Trust, or REIT, which owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants; senior living communities; as well as wellness centers.
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