Diversified Healthcare Trust (NASDAQ:DHC) Hits New 52-Week Low at $3.12

Diversified Healthcare Trust (NASDAQ:DHC) shares reached a new 52-week low on Tuesday . The stock traded as low as $3.12 and last traded at $3.24, with a volume of 70830 shares trading hands. The stock had previously closed at $3.13.

Several equities analysts recently weighed in on DHC shares. Zacks Investment Research raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 20th. Morgan Stanley cut their target price on shares of Diversified Healthcare Trust from $5.00 to $4.75 and set an “equal weight” rating for the company in a research note on Thursday, July 29th. Finally, B. Riley reaffirmed a “buy” rating on shares of Diversified Healthcare Trust in a research note on Monday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.94.

The company has a debt-to-equity ratio of 1.45, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.74. The firm has a market capitalization of $757.61 million, a PE ratio of -3.64, a P/E/G ratio of 3.03 and a beta of 1.41.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.15). Diversified Healthcare Trust had a negative net margin of 14.48% and a negative return on equity of 8.23%. On average, research analysts expect that Diversified Healthcare Trust will post 0.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 18th. Stockholders of record on Monday, October 25th were issued a $0.01 dividend. The ex-dividend date was Friday, October 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.26%. Diversified Healthcare Trust’s payout ratio is -4.60%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC bought a new position in Diversified Healthcare Trust in the third quarter worth approximately $39,000. WealthShield Partners LLC grew its stake in Diversified Healthcare Trust by 3,126.0% in the second quarter. WealthShield Partners LLC now owns 9,678 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 9,378 shares in the last quarter. M&T Bank Corp bought a new position in Diversified Healthcare Trust in the second quarter worth approximately $47,000. Mackenzie Financial Corp bought a new position in Diversified Healthcare Trust in the third quarter worth approximately $47,000. Finally, Xponance Inc. bought a new position in Diversified Healthcare Trust in the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 77.96% of the company’s stock.

Diversified Healthcare Trust Company Profile (NASDAQ:DHC)

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.

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