Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 12-Month High – Here’s Why

Shares of Diversified Healthcare Trust (NASDAQ:DHC) reached a new 52-week high on Tuesday . The company traded as high as $5.46 and last traded at $5.3850, with a volume of 45024 shares trading hands. The stock had previously closed at $5.43.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $6.50 price target (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 upped their target price for the stock from $3.00 to $5.00 in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.75.

Diversified Healthcare Trust Trading Down 0.1%

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 stock has a 50-day moving average price of $4.81 and a two-hundred day moving average price of $4.23. The stock has a market cap of $1.31 billion, a PE ratio of -3.71 and a beta of 2.42.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The firm had revenue of $388.71 million for the quarter, compared to the consensus estimate of $382.10 million. Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%.

Insider Buying and Selling at Diversified Healthcare Trust

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto purchased 20,000 shares of Diversified Healthcare Trust stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 10.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 purchasing an additional 5,544 shares during the period. Goldman Sachs Group Inc. increased its position in Diversified Healthcare Trust by 158.9% during the first 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 during the last quarter. Strs Ohio purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at $103,000. Farther Finance Advisors LLC lifted its holdings in shares of Diversified Healthcare Trust by 169.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 6,387 shares during the last quarter. Finally, Abacus Planning Group Inc. boosted its stake in shares of Diversified Healthcare Trust by 28.1% during the 2nd quarter. Abacus Planning Group Inc. now owns 49,283 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 10,822 shares during the period. Institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.