Diversified Healthcare Trust (NASDAQ:DHC) Trading Up 5.9% – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHC)’s share price was up 5.9% on Monday . The company traded as high as $4.89 and last traded at $4.9650. Approximately 40,213 shares traded hands during trading, a decline of 95% from the average daily volume of 893,507 shares. The stock had previously closed at $4.69.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DHC shares. Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $3.00 to $5.00 in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, October 8th. Finally, B. Riley reiterated a “buy” rating and issued a $6.50 price objective (up previously from $5.50) on shares of Diversified Healthcare Trust in a report on Monday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.75.

Diversified Healthcare Trust Price Performance

The company’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $3.99. The company has a market cap of $1.19 billion, a P/E ratio of -3.35 and a beta of 2.39. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 EPS for the quarter. The business had revenue of $370.78 million for the quarter. Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were given a $0.01 dividend. The ex-dividend date was Monday, October 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.74%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several large investors have recently added to or reduced their stakes in DHC. Raymond James Financial Inc. bought a new stake in Diversified Healthcare Trust during the second quarter valued at $28,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 6,387 shares during the period. Ground Swell Capital LLC bought a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at about $45,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at about $75,000. Finally, Brooklyn Investment Group raised its stake in Diversified Healthcare Trust by 296.3% during the first quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 13,588 shares during the period. 75.98% of the stock is currently owned by institutional investors.

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.