Diversified Healthcare Trust (NASDAQ:DHC) Declares $0.01 Quarterly Dividend

Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, May 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, April 19th.

Diversified Healthcare Trust has decreased its dividend by an average of 39.4% annually over the last three years. Diversified Healthcare Trust has a dividend payout ratio of -5.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Diversified Healthcare Trust to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 10.0%.

Diversified Healthcare Trust Stock Down 0.4 %

Shares of DHC opened at $2.35 on Thursday. The stock has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.61. Diversified Healthcare Trust has a one year low of $0.80 and a one year high of $3.96. The company has a debt-to-equity ratio of 1.21, a quick ratio of 8.46 and a current ratio of 8.46. The stock has a market capitalization of $564.99 million, a price-to-earnings ratio of -1.91 and a beta of 2.05.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new stake in Diversified Healthcare Trust during the second quarter worth about $25,000. Prelude Capital Management LLC purchased a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at approximately $26,000. Bleakley Financial Group LLC purchased a new stake in shares of Diversified Healthcare Trust in the 1st quarter valued at approximately $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $35,000. Finally, M&T Bank Corp raised its position in shares of Diversified Healthcare Trust by 48.0% during the 3rd quarter. M&T Bank Corp now owns 36,126 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 11,716 shares during the period. Hedge funds and other institutional investors own 75.98% of the company’s stock.

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.