Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 52-Week High – Time to Buy?

Diversified Healthcare Trust (NASDAQ:DHC) shares hit a new 52-week high on Monday . The company traded as high as $4.27 and last traded at $4.28, with a volume of 313233 shares changing hands. The stock had previously closed at $4.12.

Diversified Healthcare Trust Price Performance

The stock has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.06. The company has a market cap of $1.03 billion, a PE ratio of -3.58 and a beta of 2.62. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 1.42.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $382.71 million for the quarter, compared to analyst estimates of $382.74 million. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. Diversified Healthcare Trust’s payout ratio is -3.36%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DHC. Raymond James Financial Inc. acquired a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $28,000. Chicago Partners Investment Group LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $34,000. Farther Finance Advisors LLC raised its holdings in Diversified Healthcare Trust by 169.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 6,387 shares during the last quarter. Brooklyn Investment Group raised its holdings in Diversified Healthcare Trust by 296.3% in the 1st quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 13,588 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $45,000. 75.98% of the stock is currently 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.