Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 12-Month High on Analyst Upgrade

Diversified Healthcare Trust (NASDAQ:DHC) hit a new 52-week high during mid-day trading on Wednesday after B. Riley Financial raised their price target on the stock from $6.50 to $8.50. B. Riley Financial currently has a buy rating on the stock. Diversified Healthcare Trust traded as high as $7.52 and last traded at $7.26, with a volume of 3168938 shares. The stock had previously closed at $7.24.

DHC has been the topic of a number of other research reports. Royal Bank Of Canada increased their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. Finally, Zacks Research raised Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.25.

Insider Transactions at Diversified Healthcare Trust

In related news, CEO Christopher J. Bilotto purchased 20,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost 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 $1,302,133.65. The trade was a 8.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Diversified Healthcare Trust by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 5,544 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Diversified Healthcare Trust by 158.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Strs Ohio acquired a new position in shares of Diversified Healthcare Trust in the 1st quarter worth approximately $103,000. Metis Global Partners LLC boosted its stake in Diversified Healthcare Trust by 30.1% in the 2nd quarter. Metis Global Partners LLC now owns 35,816 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 8,293 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Diversified Healthcare Trust by 0.8% in the second quarter. Geode Capital Management LLC now owns 5,847,246 shares of the real estate investment trust’s stock valued at $20,936,000 after acquiring an additional 44,759 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Down 4.0%

The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.44. The business has a 50-day simple moving average of $5.94 and a two-hundred day simple moving average of $4.92. The stock has a market capitalization of $1.76 billion, a P/E ratio of -6.09 and a beta of 2.39.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The firm had revenue of $379.57 million during the quarter, compared to the consensus estimate of $392.89 million. Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. Diversified Healthcare Trust’s payout ratio is -3.36%.

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.