Diversified Healthcare Trust (NASDAQ:DHC) Hits New 52-Week Low – Here’s Why

Diversified Healthcare Trust (NASDAQ:DHC) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.17 and last traded at $2.18, with a volume of 28318 shares. The stock had previously closed at $2.21.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DHC shares. Royal Bank of Canada boosted their target price 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. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Diversified Healthcare Trust Stock Performance

The stock’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $3.14. 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 company has a market capitalization of $533.22 million, a PE ratio of -1.37 and a beta of 2.18.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data 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 firm had revenue of $373.64 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.03 earnings per share. On average, research analysts predict that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given 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 1.81%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. New England Private Wealth Advisors LLC acquired a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $62,000. XTX Topco Ltd acquired 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 valued at $94,000 after acquiring an additional 2,767 shares in the last quarter. Metis Global Partners LLC boosted its stake 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 valued at $99,000 after acquiring an additional 6,603 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position 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 worth $169,000 after purchasing an additional 16,456 shares in the last quarter. Hedge funds and other institutional investors 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.