Diversified Healthcare Trust (NASDAQ:DHC) Sees Strong Trading Volume – Should You Buy?

Shares of Diversified Healthcare Trust (NASDAQ:DHC) saw strong trading volume on Friday . 1,280,370 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 1,001,676 shares.The stock last traded at $2.77 and had previously closed at $2.71.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DHC. Royal Bank of Canada raised their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th.

Diversified Healthcare Trust Trading Down 2.3 %

The company has a 50 day moving average of $2.33 and a two-hundred day moving average of $2.97. 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 stock has a market capitalization of $638.64 million, a PE ratio of -1.65 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly 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). The firm had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period in the prior year, the firm posted $0.03 EPS.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be issued a $0.01 dividend. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.51%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently modified their holdings of DHC. RBF Capital LLC increased its stake in 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 buying an additional 1,056,131 shares in the last quarter. Anson Funds Management LP purchased a new stake in Diversified Healthcare Trust during the 3rd quarter worth approximately $2,995,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Diversified Healthcare Trust in the third quarter valued at approximately $2,197,000. JPMorgan Chase & Co. grew its position in shares of Diversified Healthcare Trust by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after purchasing an additional 324,787 shares in the last quarter. Finally, Barclays PLC lifted its holdings 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 valued at $1,360,000 after acquiring an additional 245,405 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.