Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s share price fell 4.6% on Monday . The company traded as low as $3.53 and last traded at $3.53. 87,750 shares changed hands during trading, a decline of 92% from the average session volume of 1,040,727 shares. The stock had previously closed at $3.70.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. StockNews.com lowered shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 31st. JMP Securities reaffirmed a "market perform" rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. B. Riley upped their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada increased their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th.
Read Our Latest Research Report on Diversified Healthcare Trust
Diversified Healthcare Trust Stock Down 4.9 %
The firm's 50 day simple moving average is $3.56 and its two-hundred day simple moving average is $3.05. The firm has a market cap of $846.81 million, a price-to-earnings ratio of -2.39 and a beta of 2.22. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.44). Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. The business had revenue of $371.39 million for the quarter, compared to the consensus estimate of $372.11 million. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, equities analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current year.
Diversified Healthcare Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.14%. Diversified Healthcare Trust's dividend payout ratio is presently -2.70%.
Institutional Investors Weigh In On Diversified Healthcare Trust
A number of institutional investors and hedge funds have recently bought and sold shares of DHC. BlackBarn Capital Partners LP raised its holdings in Diversified Healthcare Trust by 128.6% during 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 buying an additional 2,250,000 shares during the last quarter. Beryl Capital Management LLC grew its position in shares of Diversified Healthcare Trust by 23.3% in the 1st quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust's stock worth $2,469,000 after buying an additional 189,815 shares during the period. Black Maple Capital Management LP bought a new position in Diversified Healthcare Trust in the 1st quarter worth about $246,000. Inspire Investing LLC bought a new position in Diversified Healthcare Trust in the 3rd quarter worth about $411,000. Finally, AQR Capital Management LLC boosted its stake in Diversified Healthcare Trust by 128.3% in the 2nd quarter. AQR Capital Management LLC now owns 166,215 shares of the real estate investment trust's stock worth $507,000 after purchasing an additional 93,421 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
Before you consider Diversified Healthcare Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diversified Healthcare Trust wasn't on the list.
While Diversified Healthcare Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
