Diversified Healthcare Trust (NASDAQ:DHC) Trading Up 6.3% – Should You Buy?

Shares of Diversified Healthcare Trust (NASDAQ:DHC) shot up 6.3% on Wednesday . The stock traded as high as $2.72 and last traded at $2.71. 269,628 shares traded hands during trading, a decline of 74% from the average session volume of 1,055,575 shares. The stock had previously closed at $2.55.

Analyst Upgrades and Downgrades

DHC has been the topic of several recent analyst reports. B. Riley upped their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada boosted their target price 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.

Diversified Healthcare Trust Trading Up 2.4 %

The company has a 50 day simple moving average of $3.34 and a two-hundred day simple moving average of $3.15. 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 firm has a market cap of $629.71 million, a PE ratio of -1.58 and a beta of 2.23.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The firm had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. During the same quarter in the prior year, the company earned $0.03 EPS. Analysts expect that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is currently -2.48%.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in Diversified Healthcare Trust by 310.2% in the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after acquiring an additional 245,405 shares during the period. Geode Capital Management LLC increased its position in shares of Diversified Healthcare Trust by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock worth $23,751,000 after purchasing an additional 54,602 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Diversified Healthcare Trust by 26.0% in 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 buying an additional 86,353 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in 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 worth $1,167,000 after buying an additional 18,800 shares in the last quarter. Finally, Anson Funds Management LP purchased a new position in Diversified Healthcare Trust in the 3rd quarter valued at approximately $2,995,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Company Profile

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.