Diversified Healthcare Trust (NASDAQ:DHC) Hits New 12-Month Low – Time to Sell?

Diversified Healthcare Trust (NASDAQ:DHC) hit a new 52-week low on Tuesday . The company traded as low as $2.17 and last traded at $2.18, with a volume of 28318 shares traded. The stock had previously closed at $2.21.

Wall Street Analyst Weigh In

DHC has been the topic of several recent analyst reports. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th.

Diversified Healthcare Trust Price Performance

The stock has a market capitalization of $533.22 million, a P/E ratio of -1.37 and a beta of 2.18. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $3.15.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). The company had revenue of $373.64 million during the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, sell-side analysts expect that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Trading of Diversified Healthcare Trust

Large investors have recently made changes to their positions in the company. BlackBarn Capital Partners LP lifted its position in shares of Diversified Healthcare Trust by 128.6% during the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after buying an additional 2,250,000 shares during the last quarter. RBF Capital LLC raised its position in Diversified Healthcare Trust by 433.1% in the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after purchasing an additional 1,056,131 shares during the last quarter. Anson Funds Management LP bought a new stake in Diversified Healthcare Trust during the 3rd quarter worth approximately $2,995,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Diversified Healthcare Trust during the third quarter worth $2,197,000. Finally, Barclays PLC raised its position in shares of Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after acquiring an additional 245,405 shares during the last quarter. Institutional investors and hedge funds 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.