Diversified Healthcare Trust (NASDAQ:DHC) Sets New 12-Month High – Still a Buy?

Shares of Diversified Healthcare Trust (NASDAQ:DHC) reached a new 52-week high on Monday . The stock traded as high as $5.20 and last traded at $5.1830, with a volume of 1634402 shares traded. The stock had previously closed at $4.98.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $6.50 price objective (up from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday, December 15th. Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and raised their target price for the company from $3.00 to $5.00 in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Diversified Healthcare Trust presently has an average rating of “Hold” and an average price target of $5.75.

Diversified Healthcare Trust Trading Up 4.5%

The company has a debt-to-equity ratio of 1.61, a current ratio of 16.89 and a quick ratio of 16.89. The firm has a market capitalization of $1.26 billion, a P/E ratio of -3.57 and a beta of 2.42. The firm has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $4.15.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, June 2nd. The real estate investment trust reported $0.01 EPS for the quarter. Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%. The company had revenue of $370.78 million during the quarter.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, October 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.74%.

Insider Activity

In other news, CEO Christopher J. Bilotto purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average cost of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at $1,302,133.65. This trade represents a 8.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.06% of the stock is owned by corporate insiders.

Institutional Trading of Diversified Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group increased its holdings in Diversified Healthcare Trust by 21.1% during the 3rd quarter. Brooklyn Investment Group now owns 22,153 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 3,865 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 valued at $314,000 after buying an additional 5,544 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Diversified Healthcare Trust by 5.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 114,611 shares of the real estate investment trust’s stock worth $505,000 after purchasing an additional 5,566 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Diversified Healthcare Trust by 169.2% in the second quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 6,387 shares during the period. Finally, Caption Management LLC lifted its holdings in Diversified Healthcare Trust by 17.0% during the third quarter. Caption Management LLC now owns 46,781 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 6,781 shares during 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.