Diversified Healthcare Trust (NASDAQ:DHC) Trading 8.8% Higher After Strong Earnings

Diversified Healthcare Trust (NASDAQ:DHC) traded up 8.8% on Wednesday following a stronger than expected earnings report. The company traded as high as $2.65 and last traded at $2.67. 599,430 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,078,663 shares. The stock had previously closed at $2.45.

The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.31. The firm had revenue of $379.62 million during the quarter, compared to analysts’ expectations of $370.97 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.45%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several institutional investors have recently bought and sold shares of DHC. BlackBarn Capital Partners LP grew its stake in Diversified Healthcare Trust by 41.8% during the fourth quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust’s stock valued at $14,375,000 after acquiring an additional 1,841,503 shares in the last quarter. RBF Capital LLC grew its stake in Diversified Healthcare Trust by 433.1% during the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after acquiring an additional 1,056,131 shares in the last quarter. Anson Funds Management LP purchased a new position in Diversified Healthcare Trust during the third quarter valued at $2,995,000. Jacobs Levy Equity Management Inc. bought a new position in Diversified Healthcare Trust during the third quarter valued at $2,197,000. Finally, Cibc World Markets Corp bought a new position in Diversified Healthcare Trust during the fourth quarter valued at $990,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Stock Up 3.6 %

The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.91. The firm has a market cap of $664.71 million, a P/E ratio of -1.71 and a beta of 2.17.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.