Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $2.17 and last traded at $2.18, with a volume of 28318 shares traded. The stock had previously closed at $2.21.
Wall Street Analyst Weigh In
A number of research firms recently commented on DHC. Royal Bank of Canada lifted 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. StockNews.com raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Friday, November 8th.
Check Out Our Latest Stock Analysis on DHC
Diversified Healthcare Trust Price Performance
The company has a market cap of $533.22 million, a P/E ratio of -1.37 and a beta of 2.18. 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 company has a fifty day moving average price of $2.81 and a two-hundred day moving average price of $3.14.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46). The business had revenue of $373.64 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.81%. Diversified Healthcare Trust's payout ratio is -2.48%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its stake in 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 buying an additional 245,405 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Diversified Healthcare Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust's stock valued at $23,751,000 after purchasing an additional 54,602 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Diversified Healthcare Trust by 26.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust's stock valued at $1,753,000 after purchasing an additional 86,353 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Diversified Healthcare Trust by 7.2% during the 3rd 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 in the last quarter. Finally, Anson Funds Management LP acquired a new stake in Diversified Healthcare Trust during the third quarter worth approximately $2,995,000. Institutional investors 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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