Diversified Healthcare Trust (NASDAQ:DHC) Stock Price Down 3.4% – Here’s What Happened

Shares of Diversified Healthcare Trust (NASDAQ:DHC) dropped 3.4% during trading on Friday . The company traded as low as $2.52 and last traded at $2.52. Approximately 182,249 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,054,401 shares. The stock had previously closed at $2.61.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. B. Riley boosted their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada boosted their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

The company has a market capitalization of $627.30 million, a P/E ratio of -1.62 and a beta of 2.23. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $3.14.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). The firm had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same quarter last year, the firm posted $0.03 earnings per share. Equities analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is presently -2.48%.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Diversified Healthcare Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock valued at $23,751,000 after acquiring an additional 54,602 shares during the last quarter. BlackBarn Capital Partners LP boosted its holdings in Diversified Healthcare Trust by 128.6% in the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock valued at $12,200,000 after acquiring an additional 2,250,000 shares during the last quarter. RBF Capital LLC boosted its holdings in Diversified Healthcare Trust by 433.1% in the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after acquiring an additional 1,056,131 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Diversified Healthcare Trust by 3.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock worth $3,612,000 after buying an additional 40,939 shares in the last quarter. Finally, Anson Funds Management LP bought a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth approximately $2,995,000. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.