Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Up – Here’s Why

Diversified Healthcare Trust (NASDAQ:DHC) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.75, but opened at $2.91. Diversified Healthcare Trust shares last traded at $2.60, with a volume of 93,192 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

Diversified Healthcare Trust Price Performance

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 firm has a market capitalization of $645.40 million, a PE ratio of -1.66 and a beta of 2.17. The business’s 50 day moving average is $2.39 and its two-hundred day moving average is $2.90.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.31. The firm had revenue of $379.62 million during the quarter, compared to analyst estimates of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Dividend Announcement

The firm 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 1.50%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Diversified Healthcare Trust by 41.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,477 shares of the real estate investment trust’s stock worth $884,000 after acquiring an additional 112,701 shares during the last quarter. Union Square Park Capital Management LLC lifted its holdings in Diversified Healthcare Trust by 32.1% in the 4th quarter. Union Square Park Capital Management LLC now owns 925,000 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 225,000 shares during the period. State of Wyoming increased its stake in shares of Diversified Healthcare Trust by 15.2% during the fourth quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 7,175 shares during the period. Southport Management L.L.C. raised its holdings in shares of Diversified Healthcare Trust by 20.0% during the fourth quarter. Southport Management L.L.C. now owns 90,000 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in Diversified Healthcare Trust by 133.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 44,864 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 25,614 shares during the period. 75.98% of the stock is owned by institutional investors.

About Diversified Healthcare Trust

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.