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Diversified Healthcare Trust (NASDAQ:DHC) Shares Down 3.4% - Here's What Happened

Diversified Healthcare Trust logo with Finance background

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) traded down 3.4% on Friday . The stock traded as low as $2.52 and last traded at $2.52. 182,249 shares changed hands during trading, a decline of 83% from the average session volume of 1,054,401 shares. The stock had previously closed at $2.61.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DHC shares. StockNews.com raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research note on Monday, October 14th. JMP Securities reiterated a "market perform" rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, B. Riley boosted their target price on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Monday, August 5th.

Read Our Latest Stock Report on DHC

Diversified Healthcare Trust Stock Performance

The firm's 50-day moving average price is $3.27 and its two-hundred day moving average price is $3.14. The firm has a market capitalization of $627.32 million, a price-to-earnings ratio of -1.61 and a beta of 2.23. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.

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) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). The company 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 company posted $0.03 EPS. Sell-side analysts predict that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust's payout ratio is presently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently made changes to their positions in DHC. Geode Capital Management LLC boosted its position in shares of Diversified Healthcare Trust by 1.0% in the third 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 acquiring an additional 54,602 shares during the period. BlackBarn Capital Partners LP boosted its holdings in Diversified Healthcare Trust by 128.6% in the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust's stock valued at $12,200,000 after purchasing an additional 2,250,000 shares during the period. RBF Capital LLC grew its position in shares of Diversified Healthcare Trust by 433.1% during the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust's stock worth $5,447,000 after purchasing an additional 1,056,131 shares in the last quarter. Bank of New York Mellon Corp grew its position in Diversified Healthcare Trust by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust's stock worth $3,612,000 after buying an additional 40,939 shares in the last quarter. Finally, Anson Funds Management LP bought a new position in Diversified Healthcare Trust during the 3rd quarter worth $2,995,000. Institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Company Profile

(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.

Further Reading

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