Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Up – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHC) gapped up prior to trading on Thursday . The stock had previously closed at $2.13, but opened at $2.19. Diversified Healthcare Trust shares last traded at $2.21, with a volume of 122,069 shares trading hands.

Analyst Upgrades and Downgrades

DHC has been the subject of several recent analyst reports. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a “buy” rating and a $4.50 target price for the company. StockNews.com upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th.

Diversified Healthcare Trust Stock Up 4.9 %

The company has a market capitalization of $539.16 million, a P/E ratio of -1.39 and a beta of 2.02. The stock has a 50 day moving average price of $2.49 and a 200 day moving average price of $2.65. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.31. 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 $379.62 million for the quarter, compared to analysts’ expectations of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, April 22nd. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DHC. Deerfield Management Company L.P. Series C bought a new stake in Diversified Healthcare Trust in the 4th quarter valued at about $36,000. Boothbay Fund Management LLC bought a new position in Diversified Healthcare Trust in the 4th quarter worth approximately $41,000. Proficio Capital Partners LLC purchased a new position in Diversified Healthcare Trust in the 4th quarter valued at approximately $44,000. RPO LLC bought a new stake in Diversified Healthcare Trust during the 4th quarter valued at $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth $65,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.