Diversified Healthcare Trust (NASDAQ:DHC) Shares Down 3.4% – Should You Sell?

Diversified Healthcare Trust (NASDAQ:DHC) shares fell 3.4% on Friday . The company traded as low as $2.52 and last traded at $2.52. 182,249 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,054,401 shares. The stock had previously closed at $2.61.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHC. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. B. Riley boosted their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada raised their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th.

Diversified Healthcare Trust Stock Down 0.4 %

The firm has a 50-day simple moving average of $3.27 and a 200 day simple moving average of $3.14. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company has a market capitalization of $627.32 million, a PE ratio of -1.61 and a beta of 2.23.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly 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). The company had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period last year, the firm posted $0.03 earnings per share. On average, research analysts predict that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently added to or reduced their stakes in the company. New England Private Wealth Advisors LLC acquired a new position in shares of Diversified Healthcare Trust in the second quarter worth about $62,000. XTX Topco Ltd acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at approximately $74,000. Creative Planning boosted its stake in shares of 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 valued at $94,000 after buying an additional 2,767 shares during the last quarter. Metis Global Partners LLC grew 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 buying an additional 6,603 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Diversified Healthcare Trust by 68.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 16,456 shares during 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.