Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 52-Week Low – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $2.17 and last traded at $2.18, with a volume of 28318 shares trading hands. The stock had previously closed at $2.21.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DHC shares. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective 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.

Diversified Healthcare Trust Price Performance

The firm’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $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 company has a market capitalization of $533.22 million, a price-to-earnings ratio of -1.37 and a beta of 2.18.

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

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Institutional Trading of Diversified Healthcare Trust

Large investors have recently made changes to their positions in the business. New England Private Wealth Advisors LLC bought a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $62,000. XTX Topco Ltd bought a new position in Diversified Healthcare Trust in the second quarter valued at approximately $74,000. Creative Planning grew its holdings in 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 worth $94,000 after acquiring an additional 2,767 shares during the period. Metis Global Partners LLC lifted its stake 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 valued at $99,000 after purchasing an additional 6,603 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Diversified Healthcare Trust by 68.9% in 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 purchasing an additional 16,456 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

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.