Shares of Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) were up 6.3% during mid-day trading on Wednesday . The stock traded as high as $2.72 and last traded at $2.71. Approximately 269,628 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,055,575 shares. The stock had previously closed at $2.55.
Wall Street Analysts Forecast Growth
DHC has been the topic of a number of research analyst reports. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. B. Riley increased 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. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, Royal Bank of Canada upped their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th.
View Our Latest Research Report on Diversified Healthcare Trust
Diversified Healthcare Trust Stock Performance
Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). The company had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the prior year, the firm posted $0.03 EPS. Equities research analysts expect that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.
Diversified Healthcare Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.53%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.
Institutional Investors Weigh In On Diversified Healthcare Trust
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackBarn Capital Partners LP lifted its holdings 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 buying an additional 2,250,000 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Diversified Healthcare Trust by 38.8% during the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 6,603 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Diversified Healthcare Trust by 68.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 16,456 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Diversified Healthcare Trust by 2.1% in the first 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 period. Finally, Algert Global LLC grew its stake in Diversified Healthcare Trust by 3.0% in the second quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 8,878 shares in the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
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.
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