B. Riley Has Bearish Forecast for DHC FY2024 Earnings

Diversified Healthcare Trust (NASDAQ:DHC) – Equities research analysts at B. Riley lowered their FY2024 earnings estimates for Diversified Healthcare Trust in a report released on Wednesday, November 6th. B. Riley analyst B. Maher now expects that the real estate investment trust will post earnings per share of $0.05 for the year, down from their previous estimate of $0.20. B. Riley has a “Buy” rating and a $6.00 price target on the stock. The consensus estimate for Diversified Healthcare Trust’s current full-year earnings is $0.20 per share. B. Riley also issued estimates for Diversified Healthcare Trust’s Q4 2024 earnings at ($0.01) EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.30 EPS, Q1 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.20 EPS and FY2026 earnings at $0.80 EPS.

Several other research firms have also commented on DHC. Royal Bank of Canada boosted their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st.

Diversified Healthcare Trust Trading Down 6.8 %

NASDAQ:DHC opened at $2.68 on Friday. The business’s 50-day moving average is $3.57 and its two-hundred day moving average is $3.12. The firm has a market capitalization of $644.73 million, a PE ratio of -1.66 and a beta of 2.23. Diversified Healthcare Trust has a 12 month low of $1.94 and a 12 month high of $4.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 11.63 and a quick ratio of 11.63.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The business had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.17%. During the same period in the prior year, the business posted $0.03 EPS.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.49%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.48%.

Institutional Trading of Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently bought and sold shares of DHC. Allspring Global Investments Holdings LLC increased its stake in shares of Diversified Healthcare Trust by 99.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 7,629 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Diversified Healthcare Trust during the first quarter valued at about $46,000. New England Private Wealth Advisors LLC acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at $62,000. Creative Planning lifted its holdings in shares of Diversified Healthcare Trust by 14.1% during the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares during the period. Finally, Metis Global Partners LLC grew its holdings in shares of Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 6,603 shares during the last quarter. 75.98% of the stock is owned by institutional investors.

About Diversified Healthcare Trust

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.