Diversified Healthcare Trust (NASDAQ:DHC) Sets New 52-Week Low – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC) shares reached a new 52-week low on Wednesday . The stock traded as low as $2.10 and last traded at $2.16, with a volume of 1070346 shares traded. The stock had previously closed at $2.18.

Wall Street Analysts Forecast Growth

DHC has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Monday.

Diversified Healthcare Trust Stock Performance

The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average price of $2.49 and a 200 day moving average price of $3.09. The stock has a market cap of $516.33 million, a PE ratio of -1.33 and a beta of 2.17.

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

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Diversified Healthcare Trust by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock valued at $3,612,000 after purchasing an additional 40,939 shares during the period. New England Private Wealth Advisors LLC purchased a new position in Diversified Healthcare Trust during the second quarter valued at $62,000. XTX Topco Ltd bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter valued at $74,000. BlackBarn Capital Partners LP grew its position in shares of Diversified Healthcare Trust by 128.6% in the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after buying an additional 2,250,000 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Diversified Healthcare Trust by 128.3% in the 2nd quarter. AQR Capital Management LLC now owns 166,215 shares of the real estate investment trust’s stock worth $507,000 after acquiring an additional 93,421 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other 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.