Diversified Healthcare Trust (NASDAQ:DHC) Trading 5.1% Higher

Diversified Healthcare Trust (NASDAQ:DHC) shares traded up 5.1% during mid-day trading on Monday . The stock traded as high as $3.93 and last traded at $3.92. 229,181 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 1,039,352 shares. The stock had previously closed at $3.73.

Wall Street Analyst Weigh In

Several analysts have commented on DHC shares. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Finally, B. Riley upped their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Diversified Healthcare Trust Stock Up 3.2 %

The company has a market capitalization of $926.44 million, a price-to-earnings ratio of -2.85 and a beta of 2.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. The business’s 50 day moving average is $3.34 and its 200 day moving average is $2.87.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The firm had revenue of $371.39 million during the quarter, compared to analysts’ expectations of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same quarter last year, the business earned $0.05 EPS. Sell-side analysts anticipate that Diversified Healthcare Trust will post 0.2 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.04%. The ex-dividend date was Monday, July 22nd. Diversified Healthcare Trust’s payout ratio is -2.92%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackBarn Capital Partners LP grew its position 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 valued at $12,200,000 after buying an additional 2,250,000 shares during the period. Bank of New York Mellon Corp boosted its position in Diversified Healthcare Trust by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock worth $3,612,000 after purchasing an additional 40,939 shares in the last quarter. Beryl Capital Management LLC grew its holdings in Diversified Healthcare Trust by 23.3% in the first quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust’s stock valued at $2,469,000 after purchasing an additional 189,815 shares during the period. Pale Fire Capital SE increased its position in shares of 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 buying an additional 167,543 shares in the last quarter. Finally, Garner Asset Management Corp lifted its position in shares of Diversified Healthcare Trust by 2.7% during the 1st quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock valued at $1,147,000 after buying an additional 12,103 shares in 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.