Diversified Healthcare Trust (NASDAQ:DHC) Shares Up 9.4% – Should You Buy?

Diversified Healthcare Trust (NASDAQ:DHC)’s share price was up 9.4% during mid-day trading on Monday . The stock traded as high as $2.44 and last traded at $2.38. Approximately 560,831 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 860,521 shares. The stock had previously closed at $2.17.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The stock has a market cap of $573.02 million, a P/E ratio of -1.47 and a beta of 2.17. The business’s 50-day moving average price is $2.33 and its 200-day moving average price is $3.02.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (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 17.55%. The company had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same period in the prior year, the firm posted $0.03 EPS.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.68%. The ex-dividend date is Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of Diversified Healthcare Trust in the second quarter worth $74,000. Creative Planning lifted its position in shares of Diversified Healthcare Trust by 14.1% in the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 2,767 shares in the last quarter. Metis Global Partners LLC boosted its stake in 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 valued at $99,000 after buying an additional 6,603 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Diversified Healthcare Trust by 68.9% during the 3rd 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 buying an additional 16,456 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Diversified Healthcare Trust in the 3rd quarter worth approximately $187,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.