Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 1-Year High at $4.07

Diversified Healthcare Trust (NASDAQ:DHC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.07 and last traded at $4.01, with a volume of 232734 shares. The stock had previously closed at $3.77.

Wall Street Analyst Weigh In

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

Diversified Healthcare Trust Price Performance

The stock’s 50 day moving average price is $3.39 and its 200-day moving average price is $2.91. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $995.96 million, a PE ratio of -2.96 and a beta of 2.22.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $371.39 million during the quarter, compared to the consensus estimate of $372.11 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, equities analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.04 annualized dividend and a yield of 0.97%. Diversified Healthcare Trust’s payout ratio is currently -2.92%.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds have recently added to or reduced their stakes in the business. BlackBarn Capital Partners LP lifted its holdings in Diversified Healthcare Trust by 128.6% during the second 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 period. Beryl Capital Management LLC boosted its position in Diversified Healthcare Trust by 44.3% during the fourth quarter. Beryl Capital Management LLC now owns 813,970 shares of the real estate investment trust’s stock valued at $3,044,000 after purchasing an additional 250,000 shares in the last quarter. Pale Fire Capital SE grew its stake in Diversified Healthcare Trust by 47.7% in the fourth quarter. Pale Fire Capital SE now owns 518,652 shares of the real estate investment trust’s stock valued at $1,940,000 after purchasing an additional 167,543 shares during the last quarter. Brigade Capital Management LP purchased a new position in Diversified Healthcare Trust in the fourth quarter valued at about $374,000. Finally, Black Maple Capital Management LP bought a new position in Diversified Healthcare Trust in the first quarter worth about $246,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

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.