Diversified Healthcare Trust (NASDAQ:DHC) Stock Price Down 4.6% – Here’s Why

Diversified Healthcare Trust (NASDAQ:DHC) fell 4.6% during mid-day trading on Monday . The stock traded as low as $3.53 and last traded at $3.53. 87,750 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,040,727 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of 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 lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, B. Riley upped their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, August 5th.

Diversified Healthcare Trust Stock Down 3.7 %

The company’s 50-day moving average is $3.58 and its 200 day moving average is $3.06. The company has a market capitalization of $810.72 million, a PE ratio of -2.36 and a beta of 2.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. The company had revenue of $371.39 million for the quarter, compared to analysts’ expectations of $372.11 million. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, analysts anticipate that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.19%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.70%.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHC. Allspring Global Investments Holdings LLC boosted its position in shares of Diversified Healthcare Trust by 99.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 7,629 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $46,000. New England Private Wealth Advisors LLC bought a new position in shares of Diversified Healthcare Trust in the second quarter worth approximately $62,000. XTX Topco Ltd bought a new position in shares of Diversified Healthcare Trust in the second quarter worth approximately $74,000. Finally, Creative Planning boosted its position in shares of Diversified Healthcare Trust by 14.1% in the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 2,767 shares during the period. 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.