Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Down – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC) gapped down prior to trading on Tuesday . The stock had previously closed at $2.30, but opened at $2.19. Diversified Healthcare Trust shares last traded at $2.18, with a volume of 24,553 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DHC shares. Royal Bank of Canada boosted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th. StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Monday.

Diversified Healthcare Trust Price Performance

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 fifty day simple moving average of $2.57 and a 200 day simple moving average of $3.11. The company has a market capitalization of $523.57 million, a PE ratio of -1.35 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $376.80 million. During the same quarter in the prior year, the business posted $0.03 EPS. Equities analysts anticipate that Diversified Healthcare Trust will post 0.05 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.84%. Diversified Healthcare Trust’s payout ratio is presently -2.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DHC. New England Private Wealth Advisors LLC purchased a new stake in Diversified Healthcare Trust during the second quarter valued at approximately $62,000. XTX Topco Ltd acquired a new position in shares of Diversified Healthcare Trust during the second quarter worth $74,000. Creative Planning lifted its holdings in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 2,767 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 6,603 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 16,456 shares during the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

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.