Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.10 and last traded at $2.16, with a volume of 1070346 shares. The stock had previously closed at $2.18.
Analyst Ratings Changes
DHC has been the subject of several recent analyst reports. StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Monday. Royal Bank of Canada increased their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an "underperform" rating in a report on Monday, October 14th.
Check Out Our Latest Report on Diversified Healthcare Trust
Diversified Healthcare Trust Price Performance
The stock has a market capitalization of $516.33 million, a price-to-earnings ratio of -1.33 and a beta of 2.17. 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 stock has a fifty day moving average of $2.54 and a 200-day moving average of $3.10.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46). The company 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 last year, the firm earned $0.03 earnings per share. On average, equities research analysts predict that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.
Diversified Healthcare Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust's dividend payout ratio is currently -2.48%.
Hedge Funds Weigh In On Diversified Healthcare Trust
Several institutional investors have recently added to or reduced their stakes in DHC. JPMorgan Chase & Co. increased its stake in Diversified Healthcare Trust by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust's stock valued at $3,619,000 after buying an additional 324,787 shares during the period. Barclays PLC increased its stake in shares of Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust's stock worth $1,360,000 after acquiring an additional 245,405 shares during the period. Geode Capital Management LLC raised its holdings in Diversified Healthcare Trust by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust's stock worth $23,751,000 after purchasing an additional 54,602 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Diversified Healthcare Trust by 26.0% during the third quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust's stock worth $1,753,000 after purchasing an additional 86,353 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Diversified Healthcare Trust by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust's stock valued at $1,167,000 after purchasing an additional 18,800 shares during the period. Institutional investors and hedge funds own 75.98% of the company's stock.
About Diversified Healthcare Trust
(
Get Free Report)
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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