Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.13, but opened at $2.19. Diversified Healthcare Trust shares last traded at $2.21, with a volume of 122,069 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on DHC shares. StockNews.com upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. B. Riley began coverage on Diversified Healthcare Trust in a report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 target price on the stock.
Check Out Our Latest Stock Report on DHC
Diversified Healthcare Trust Trading Up 1.8 %
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 $545.19 million, a P/E ratio of -1.40 and a beta of 2.02. The firm has a fifty day moving average price of $2.47 and a 200-day moving average price of $2.60.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.31. The firm had revenue of $379.62 million during the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.
Diversified Healthcare Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio is -2.60%.
Institutional Investors Weigh In On Diversified Healthcare Trust
Large investors have recently modified their holdings of the stock. Abacus Planning Group Inc. bought a new position in Diversified Healthcare Trust during the first quarter valued at $92,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Diversified Healthcare Trust by 41.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,477 shares of the real estate investment trust's stock worth $884,000 after acquiring an additional 112,701 shares during the last quarter. Union Square Park Capital Management LLC raised its stake in Diversified Healthcare Trust by 32.1% in the 4th quarter. Union Square Park Capital Management LLC now owns 925,000 shares of the real estate investment trust's stock valued at $2,128,000 after acquiring an additional 225,000 shares during the period. State of Wyoming lifted its holdings in Diversified Healthcare Trust by 15.2% during the fourth quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust's stock valued at $125,000 after purchasing an additional 7,175 shares during the last quarter. Finally, Southport Management L.L.C. increased its stake in shares of Diversified Healthcare Trust by 20.0% in the fourth quarter. Southport Management L.L.C. now owns 90,000 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company's stock.
About Diversified Healthcare Trust
(
Get Free Report)
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.
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