Diversified Healthcare Trust to Post Q4 2023 Earnings of $0.12 Per Share, B. Riley Forecasts (NASDAQ:DHC)

Diversified Healthcare Trust (NASDAQ:DHC – Get Rating) – Analysts at B. Riley decreased their Q4 2023 earnings per share (EPS) estimates for Diversified Healthcare Trust in a report issued on Friday, March 3rd. B. Riley analyst B. Maher now expects that the real estate investment trust will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.14. B. Riley has a “Buy” rating on the stock. The consensus estimate for Diversified Healthcare Trust’s current full-year earnings is $0.15 per share. B. Riley also issued estimates for Diversified Healthcare Trust’s Q1 2024 earnings at $0.13 EPS, Q2 2024 earnings at $0.15 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $0.63 EPS and FY2025 earnings at $0.84 EPS.

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $1.65 on Monday. The business’s 50-day moving average is $0.79 and its 200-day moving average is $1.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.95 and a quick ratio of 1.09. The company has a market capitalization of $395.47 million, a price-to-earnings ratio of -27.50, a P/E/G ratio of 0.22 and a beta of 1.72. Diversified Healthcare Trust has a fifty-two week low of $0.61 and a fifty-two week high of $3.28.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, January 23rd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Friday, January 20th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -66.66%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors have recently made changes to their positions in DHC. Prelude Capital Management LLC bought a new position in Diversified Healthcare Trust in the 2nd quarter worth $26,000. Federated Hermes Inc. lifted its holdings in shares of Diversified Healthcare Trust by 793,450.0% during the second quarter. Federated Hermes Inc. now owns 15,871 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 15,869 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Diversified Healthcare Trust in the second quarter valued at approximately $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Diversified Healthcare Trust in the second quarter worth $35,000. Finally, PNC Financial Services Group Inc. increased its position in Diversified Healthcare Trust by 91.9% during the first quarter. PNC Financial Services Group Inc. now owns 19,053 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 9,124 shares during the period. 80.19% of the stock is currently owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

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Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.