Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 6.9% – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC)’s share price traded down 6.9% on Thursday . The stock traded as low as $2.65 and last traded at $2.68. 553,394 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,059,875 shares. The stock had previously closed at $2.88.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Royal Bank of Canada upped their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. B. Riley upped their target price 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. Finally, JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st.

Diversified Healthcare Trust Price Performance

The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.13. The stock has a market cap of $644.73 million, a P/E ratio of -1.65 and a beta of 2.23.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.17%. The firm had revenue of $373.64 million during the quarter, compared to analyst estimates of $376.80 million. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, sell-side analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.49%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHC. BlackBarn Capital Partners LP lifted its position in Diversified Healthcare Trust by 128.6% during the 2nd 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 purchasing an additional 2,250,000 shares during the period. Bank of New York Mellon Corp lifted its position in Diversified Healthcare Trust by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock valued at $3,612,000 after purchasing an additional 40,939 shares during the period. Beryl Capital Management LLC lifted its position in Diversified Healthcare Trust by 23.3% during the 1st 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. Garner Asset Management Corp lifted its position in 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 purchasing an additional 12,103 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in Diversified Healthcare Trust by 3.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock valued at $1,217,000 after purchasing an additional 12,769 shares during the period. 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.