Diversified Healthcare Trust (NASDAQ:DHC) Sets New 1-Year High – Here’s Why

Shares of Diversified Healthcare Trust (NASDAQ:DHC) hit a new 52-week high during trading on Monday . The company traded as high as $7.77 and last traded at $7.6050, with a volume of 621323 shares trading hands. The stock had previously closed at $7.46.

Analyst Ratings Changes

Several brokerages have commented on DHC. Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Maxim Group initiated coverage on shares of Diversified Healthcare Trust in a research report on Monday. They issued a “buy” rating and a $9.50 price objective for the company. Royal Bank Of Canada raised their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Monday, April 20th. Finally, B. Riley Financial raised their price target on Diversified Healthcare Trust from $6.50 to $8.50 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Diversified Healthcare Trust presently has a consensus rating of “Hold” and an average price target of $8.00.

Diversified Healthcare Trust Stock Performance

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 firm has a market capitalization of $1.83 billion, a P/E ratio of -6.37 and a beta of 2.35. The stock has a fifty day moving average of $6.98 and a 200-day moving average of $5.68.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that Diversified Healthcare Trust will post 0.57 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st will be issued a $0.01 dividend. The ex-dividend date is Tuesday, April 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.36%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Diversified Healthcare Trust in the second quarter valued at $28,000. CWM LLC boosted its stake in shares of Diversified Healthcare Trust by 174.5% during the 4th quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 4,167 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth about $45,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $49,000. Finally, L2 Asset Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at about $49,000. Institutional investors and hedge funds 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.