Diversified Healthcare Trust (NASDAQ:DHC) Sees Strong Trading Volume – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHC) shares saw an uptick in trading volume on Tuesday . 2,749,314 shares were traded during trading, an increase of 44% from the previous session’s volume of 1,909,665 shares.The stock last traded at $5.5750 and had previously closed at $5.62.

Analyst Upgrades and Downgrades

DHC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, January 21st. Royal Bank Of Canada upgraded shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $3.00 to $5.00 in a research report on Thursday, November 13th. Zacks Research cut Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $6.50 price target (up previously from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Diversified Healthcare Trust has a consensus rating of “Reduce” and a consensus target price of $5.75.

Diversified Healthcare Trust Stock Performance

The company has a quick ratio of 16.89, a current ratio of 16.89 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.36 billion, a PE ratio of -3.86 and a beta of 2.42. The firm has a 50-day moving average price of $5.05 and a two-hundred day moving average price of $4.37.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.The business had revenue of $388.71 million for the quarter, compared to analyst estimates of $382.10 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be issued a $0.01 dividend. The ex-dividend date is Monday, January 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.74%.

Insider Buying and Selling at Diversified Healthcare Trust

In related news, CEO Christopher J. Bilotto purchased 20,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was acquired at an average cost of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of Diversified Healthcare Trust by 174.5% during the 4th quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 4,167 shares during the period. Farther Finance Advisors LLC increased its position in Diversified Healthcare Trust by 42.4% during the fourth quarter. Farther Finance Advisors LLC now owns 14,626 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 4,356 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new position in Diversified Healthcare Trust during the fourth quarter worth about $218,000. Harbor Capital Advisors Inc. boosted its holdings in Diversified Healthcare Trust by 299.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 13,692 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 10,264 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in shares of Diversified Healthcare Trust in the 4th quarter valued at approximately $101,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.