Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 12-Month High at $3.97

Diversified Healthcare Trust (NASDAQ:DHC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.97 and last traded at $3.97, with a volume of 1289331 shares changing hands. The stock had previously closed at $3.77.

Analyst Ratings Changes

Several research firms have recently commented on DHC. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Finally, B. Riley raised their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Diversified Healthcare Trust Stock Up 6.1 %

The company has a market cap of $962.54 million, a price-to-earnings ratio of -2.87 and a beta of 2.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. The business has a 50-day simple moving average of $3.35 and a 200-day simple moving average of $2.87.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.44). Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. The firm had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. During the same quarter last year, the firm earned $0.05 EPS. On average, equities analysts anticipate that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, July 22nd. Diversified Healthcare Trust’s dividend payout ratio is presently -2.92%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Institutional investors have recently added to or reduced their stakes in the business. Deerfield Management Company L.P. Series C grew its holdings in shares of Diversified Healthcare Trust by 4.8% during the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 4,055 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Diversified Healthcare Trust by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock valued at $602,000 after acquiring an additional 4,974 shares during the period. Victory Capital Management Inc. grew its position in shares of Diversified Healthcare Trust by 22.7% during the fourth quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 5,379 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Diversified Healthcare Trust by 99.5% in the 1st 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. Finally, Algert Global LLC raised its position in Diversified Healthcare Trust by 3.0% in the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock valued at $939,000 after purchasing an additional 8,878 shares during the last quarter. 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.