Diversified Healthcare Trust (NASDAQ:DHC) Stock Price Up 9.4% – Still a Buy?

Diversified Healthcare Trust (NASDAQ:DHC) rose 9.4% during trading on Monday . The company traded as high as $2.44 and last traded at $2.38. Approximately 560,831 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 860,521 shares. The stock had previously closed at $2.17.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada upped their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 6th.

Diversified Healthcare Trust Stock Down 2.8 %

The company has a market cap of $576.65 million, a P/E ratio of -1.48 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. The stock has a fifty day moving average price of $2.33 and a two-hundred day moving average price of $3.01.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). 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 $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. During the same quarter last year, the business posted $0.03 EPS.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Diversified Healthcare Trust by 310.2% in the 3rd quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 245,405 shares during the period. RBF Capital LLC grew its holdings 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 purchasing an additional 1,056,131 shares during the period. Anson Funds Management LP purchased a new stake in Diversified Healthcare Trust in the third quarter worth $2,995,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Diversified Healthcare Trust by 51.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,776 shares of the real estate investment trust’s stock valued at $1,139,000 after buying an additional 92,287 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Diversified Healthcare Trust during the 3rd quarter valued at $187,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

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.