Diversified Healthcare Trust (NASDAQ:DHC) Hits New 12-Month High – Should You Buy?

Diversified Healthcare Trust (NASDAQ:DHC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.05 and last traded at $6.0350, with a volume of 1373518 shares traded. The stock had previously closed at $5.90.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday. B. Riley restated a “buy” rating and issued a $6.50 target price (up previously from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. Finally, Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $3.00 to $5.00 in a research report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.75.

Diversified Healthcare Trust Stock Performance

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 company’s fifty day moving average price is $5.03 and its 200 day moving average price is $4.35. The company has a market cap of $1.37 billion, a PE ratio of -3.88 and a beta of 2.42.

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

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.74%.

Insiders Place Their Bets

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto acquired 20,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were acquired at an average price of $4.89 per share, with a total value of $97,800.00. Following the completion of the transaction, the chief executive officer owned 266,285 shares in the company, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Diversified Healthcare Trust

A number of large investors have recently bought and sold shares of DHC. Prudential Financial Inc. grew its stake in shares of Diversified Healthcare Trust by 7.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,129,197 shares of the real estate investment trust’s stock worth $7,623,000 after acquiring an additional 151,479 shares during the period. Farther Finance Advisors LLC raised its stake in 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 valued at $36,000 after acquiring an additional 6,387 shares during the period. SG Americas Securities LLC lifted its holdings in Diversified Healthcare Trust by 560.3% during the third quarter. SG Americas Securities LLC now owns 244,211 shares of the real estate investment trust’s stock valued at $1,077,000 after purchasing an additional 207,225 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Diversified Healthcare Trust by 22.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,890,628 shares of the real estate investment trust’s stock worth $6,768,000 after purchasing an additional 345,110 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of 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 worth $20,936,000 after purchasing an additional 44,759 shares in 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.