Diversified Healthcare Trust (NASDAQ:DHC) Sees Strong Trading Volume – What’s Next?

Shares of Diversified Healthcare Trust (NASDAQ:DHC) saw unusually-strong trading volume on Tuesday . Approximately 2,749,314 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 1,909,665 shares.The stock last traded at $5.5750 and had previously closed at $5.62.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DHC. Zacks Research lowered shares of Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $3.00 to $5.00 in a research report on Thursday, November 13th. Finally, B. Riley restated a “buy” rating and set a $6.50 price objective (up from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Diversified Healthcare Trust has an average rating of “Reduce” and a consensus target price of $5.75.

Diversified Healthcare Trust Stock Up 0.3%

The firm has a market cap of $1.36 billion, a PE ratio of -3.86 and a beta of 2.42. The company has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $4.37. The company has a debt-to-equity ratio of 1.61, a current ratio of 16.89 and a quick ratio of 16.89.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.The business had revenue of $388.71 million for the quarter, compared to the consensus estimate of $382.10 million.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, January 26th. Diversified Healthcare Trust’s payout ratio is -2.74%.

Insider Activity at Diversified Healthcare Trust

In related news, CEO Christopher J. Bilotto purchased 20,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average price of $4.89 per share, with a total value of $97,800.00. Following the completion of the purchase, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. The trade was a 8.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Diversified Healthcare Trust

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Diversified Healthcare Trust by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,847,246 shares of the real estate investment trust’s stock worth $20,936,000 after acquiring an additional 44,759 shares in the last quarter. Carronade Capital Management LP increased its position in shares of Diversified Healthcare Trust by 181.9% during the third quarter. Carronade Capital Management LP now owns 4,561,748 shares of the real estate investment trust’s stock worth $20,117,000 after purchasing an additional 2,943,300 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Diversified Healthcare Trust by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,221,248 shares of the real estate investment trust’s stock worth $9,794,000 after purchasing an additional 171,009 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Diversified Healthcare Trust by 7.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,129,197 shares of the real estate investment trust’s stock worth $7,623,000 after purchasing an additional 151,479 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors.

About Diversified Healthcare Trust

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.