Diversified Healthcare Trust (NASDAQ:DHC) Hits New 1-Year High – Here’s Why

Diversified Healthcare Trust (NASDAQ:DHC)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.77 and last traded at $7.6050, with a volume of 621323 shares. The stock had previously closed at $7.46.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Maxim Group assumed coverage on shares of Diversified Healthcare Trust in a report on Monday. They set a “buy” rating and a $9.50 target price for the company. Royal Bank Of Canada raised their target price on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. B. Riley Financial raised their target price on shares of Diversified Healthcare Trust from $6.50 to $8.50 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.00.

Diversified Healthcare Trust Stock Down 1.8%

The company has a debt-to-equity ratio of 1.44, a current ratio of 2.36 and a quick ratio of 2.36. The business’s fifty day simple moving average is $7.02 and its two-hundred day simple moving average is $5.73. The company has a market cap of $1.83 billion, a PE ratio of -6.36 and a beta of 2.35.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%. The firm had revenue of $379.57 million during the quarter, compared to analysts’ expectations of $392.89 million. On average, analysts predict that Diversified Healthcare Trust will post 0.57 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Diversified Healthcare Trust’s payout ratio is presently -3.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHC. Raymond James Financial Inc. purchased a new position in Diversified Healthcare Trust in the second quarter valued at $28,000. CWM LLC increased its holdings in Diversified Healthcare Trust by 174.5% in the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 4,167 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Diversified Healthcare Trust in the third quarter valued at $45,000. Mercer Global Advisors Inc. ADV purchased a new position in Diversified Healthcare Trust in the fourth quarter valued at $49,000. Finally, L2 Asset Management LLC purchased a new position in Diversified Healthcare Trust in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.