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

Diversified Healthcare Trust (NASDAQ:DHC – Get Rating) announced a quarterly dividend on Friday, April 15th, Wall Street Journal reports. Investors of record on Monday, April 25th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, May 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, April 22nd.

Diversified Healthcare Trust has a payout ratio of -4.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Diversified Healthcare Trust to earn $0.44 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 9.1%.

Shares of NASDAQ:DHC opened at $2.88 on Friday. The company has a market cap of $688.29 million, a price-to-earnings ratio of 3.89, a PEG ratio of 1.25 and a beta of 1.43. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $2.97 and a 200 day simple moving average of $3.13. Diversified Healthcare Trust has a one year low of $2.35 and a one year high of $4.75.

Several brokerages recently commented on DHC. Zacks Investment Research downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 11th. TheStreet raised shares of Diversified Healthcare Trust from a “d” rating to a “c-” rating in a research note on Thursday, February 24th. B. Riley dropped their price objective on shares of Diversified Healthcare Trust from $7.00 to $6.00 in a research note on Friday, February 25th. Finally, StockNews.com began coverage on shares of Diversified Healthcare Trust in a research note on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.25.

Several hedge funds and other institutional investors have recently made changes to their positions in DHC. Sei Investments Co. increased its holdings in shares of Diversified Healthcare Trust by 7.4% during the fourth quarter. Sei Investments Co. now owns 56,733 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 3,925 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Diversified Healthcare Trust by 73.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 33,923 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 14,414 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Diversified Healthcare Trust by 21.3% during the fourth quarter. Guggenheim Capital LLC now owns 36,181 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 6,345 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Diversified Healthcare Trust by 43.4% during the third quarter. Janus Henderson Group PLC now owns 73,236 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 22,159 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Diversified Healthcare Trust by 18.6% during the third quarter. Royal Bank of Canada now owns 76,421 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 11,981 shares in the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.

About Diversified Healthcare Trust (Get Rating)

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

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