Diversified Healthcare Trust (NASDAQ:DHC) Stock Price Up 8.8% After Earnings Beat

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

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

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.48%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Diversified Healthcare Trust

Several large investors have recently made changes to their positions in the business. Creative Planning increased 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 acquiring an additional 2,767 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diversified Healthcare Trust by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 125,212 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 4,931 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Diversified Healthcare Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 6,603 shares in the last quarter. State of Wyoming increased its position in shares of Diversified Healthcare Trust by 15.2% in the fourth quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 7,175 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Diversified Healthcare Trust by 2.8% in the third quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock worth $1,362,000 after acquiring an additional 8,879 shares in the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Up 8.6 %

The firm’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.91. The company has a market cap of $641.79 million, a price-to-earnings ratio of -1.65 and a beta of 2.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

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.