Diversified Healthcare Trust (NASDAQ:DHC) declared a quarterly dividend on Friday, January 14th, investing.com reports. Investors of record on Monday, January 24th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, January 21st.
Diversified Healthcare Trust has a dividend payout ratio of -7.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Diversified Healthcare Trust to earn $0.30 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 13.3%.
NASDAQ:DHC opened at $3.31 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.45. Diversified Healthcare Trust has a 52-week low of $2.35 and a 52-week high of $5.58. The stock has a 50-day simple moving average of $3.01 and a 200 day simple moving average of $3.49.
Several brokerages recently commented on DHC. Zacks Investment Research cut Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday. B. Riley raised their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, December 30th.
A number of large investors have recently added to or reduced their stakes in DHC. Janus Henderson Group PLC lifted its holdings in Diversified Healthcare Trust by 43.4% during the 3rd quarter. Janus Henderson Group PLC now owns 73,236 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 22,159 shares during the last quarter. Royal Bank of Canada increased its stake in Diversified Healthcare Trust by 18.6% during the 3rd quarter. Royal Bank of Canada now owns 76,421 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 11,981 shares during the period. Jane Street Group LLC increased its stake in Diversified Healthcare Trust by 137.0% during the 3rd quarter. Jane Street Group LLC now owns 84,279 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 48,711 shares during the period. Morgan Stanley increased its stake in Diversified Healthcare Trust by 22.4% during the 2nd quarter. Morgan Stanley now owns 1,580,506 shares of the real estate investment trust’s stock worth $6,607,000 after acquiring an additional 289,226 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Diversified Healthcare Trust by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,312,699 shares of the real estate investment trust’s stock worth $14,620,000 after acquiring an additional 76,561 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.
About Diversified Healthcare Trust
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.
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