Diversified Healthcare Trust (NASDAQ:DHC) Shares Up 3.6% – Here’s Why

Diversified Healthcare Trust (NASDAQ:DHC) shares were up 3.6% during mid-day trading on Friday . The company traded as high as $2.56 and last traded at $2.56. Approximately 184,455 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,062,423 shares. The stock had previously closed at $2.47.

Wall Street Analyst Weigh In

DHC has been the topic of several recent research reports. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. B. Riley lifted their price target on shares of 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, Royal Bank of Canada increased their price objective 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.

Diversified Healthcare Trust Trading Up 4.0 %

The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average price is $3.51 and its 200 day moving average price is $3.13.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The firm had revenue of $373.64 million during the quarter, compared to analyst estimates of $376.80 million. During the same period in the previous year, the firm posted $0.03 earnings per share. Equities analysts expect that Diversified Healthcare Trust will post 0.05 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, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several institutional investors have recently modified their holdings of the business. Creative Planning increased its holdings in Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 2,767 shares during the period. Deerfield Management Company L.P. Series C grew its holdings in Diversified Healthcare Trust by 4.8% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 4,055 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Diversified Healthcare Trust by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock valued at $602,000 after purchasing an additional 4,974 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 6,603 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Diversified Healthcare Trust by 99.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 7,629 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

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.