Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 5.4% - What's Next?

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s share price was down 5.4% during mid-day trading on Friday . The stock traded as low as $2.52 and last traded at $2.54. Approximately 1,314,695 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 961,990 shares. The stock had previously closed at $2.68.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th.

Diversified Healthcare Trust Trading Down 1.0 %

The company's fifty day moving average is $2.51 and its 200-day moving average is $2.82. The company has a market capitalization of $587.50 million, a PE ratio of -1.51 and a beta of 2.15. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.31. The company had revenue of $379.62 million for the quarter, compared to analyst estimates of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

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Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust's dividend payout ratio is presently -2.60%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Diversified Healthcare Trust by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 125,212 shares of the real estate investment trust's stock valued at $288,000 after acquiring an additional 4,931 shares during the period. State of Wyoming raised its holdings in shares of 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 worth $125,000 after purchasing an additional 7,175 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Diversified Healthcare Trust by 7.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 158,033 shares of the real estate investment trust's stock valued at $364,000 after purchasing an additional 11,435 shares during the period. Quantbot Technologies LP boosted its holdings in Diversified Healthcare Trust by 64.4% in the fourth quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 13,388 shares during the last quarter. Finally, Southport Management L.L.C. raised its stake in shares of Diversified Healthcare Trust by 20.0% during the 4th quarter. Southport Management L.L.C. now owns 90,000 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company's stock.

Diversified Healthcare Trust Company Profile

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.