Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Up – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC) gapped up prior to trading on Monday . The stock had previously closed at $8.90, but opened at $9.37. Diversified Healthcare Trust shares last traded at $8.8560, with a volume of 140,521 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHC. B. Riley Financial lifted their price target on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Maxim Group raised their target price on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Diversified Healthcare Trust currently has an average rating of “Moderate Buy” and a consensus target price of $9.83.

Diversified Healthcare Trust Trading Down 0.1%

The company has a debt-to-equity ratio of 1.48, a current ratio of 5.36 and a quick ratio of 5.36. The firm has a fifty day simple moving average of $8.97 and a two-hundred day simple moving average of $7.72. The firm has a market capitalization of $2.13 billion, a P/E ratio of -6.62 and a beta of 2.30.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $370.75 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.04%. On average, equities research analysts anticipate that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is -3.01%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at about $31,000. KBC Group NV purchased a new stake in Diversified Healthcare Trust in the first quarter worth approximately $35,000. Western Wealth Management LLC bought a new position in shares of Diversified Healthcare Trust during the 1st quarter valued at $38,000. CWM LLC grew its stake in shares of Diversified Healthcare Trust by 174.5% during 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Diversified Healthcare Trust in the 2nd quarter worth approximately $28,000. 75.98% of the stock is owned by 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.