Diversified Healthcare Trust (NASDAQ:DHC) Sets New 52-Week High – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.64 and last traded at $6.53, with a volume of 33284 shares changing hands. The stock had previously closed at $6.30.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DHC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, January 21st. B. Riley Financial reissued a “buy” rating and set a $6.50 target price (up previously from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. Royal Bank Of Canada raised Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $3.00 to $5.00 in a research note on Thursday, November 13th. Finally, Zacks Research downgraded Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Diversified Healthcare Trust presently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Diversified Healthcare Trust Price Performance

The company has a market cap of $1.60 billion, a price-to-earnings ratio of -4.52 and a beta of 2.43. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61. The business has a 50-day moving average price of $5.47 and a 200 day moving average price of $4.64.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be given a $0.01 dividend. The ex-dividend date is Monday, January 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.74%.

Insiders Place Their Bets

In related news, CEO Christopher J. Bilotto acquired 20,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were purchased at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the acquisition, the chief executive officer owned 266,285 shares in the company, valued at approximately $1,302,133.65. This represents a 8.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DHC. Carronade Capital Management LP boosted its stake in Diversified Healthcare Trust by 181.9% in the 3rd 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 during the period. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 2,370,459 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Diversified Healthcare Trust by 123.1% in the fourth quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock worth $15,661,000 after purchasing an additional 1,781,839 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth approximately $4,484,000. Finally, Bank of America Corp DE grew its position in Diversified Healthcare Trust by 486.4% during the third quarter. Bank of America Corp DE now owns 1,031,323 shares of the real estate investment trust’s stock valued at $4,548,000 after purchasing an additional 855,447 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

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.