Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 12-Month Low – Here’s Why

Diversified Healthcare Trust (NASDAQ:DHC) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.13 and last traded at $2.15, with a volume of 63349 shares traded. The stock had previously closed at $2.17.

Analyst Upgrades and Downgrades

A number of analysts have commented on DHC shares. Royal Bank of Canada lifted 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 report on Monday, October 14th. StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Diversified Healthcare Trust Stock Performance

The stock has a market capitalization of $523.57 million, a P/E ratio of -1.35 and a beta of 2.17. The stock’s 50-day simple moving average is $2.72 and its 200 day simple moving average is $3.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results 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 return on equity of 17.55% and a negative net margin of 26.09%. The company had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same period in the previous year, the firm posted $0.03 EPS. Research analysts expect that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is -2.48%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Diversified Healthcare Trust by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock worth $3,612,000 after purchasing an additional 40,939 shares during the period. Wolverine Asset Management LLC raised its holdings in Diversified Healthcare Trust by 3.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 12,769 shares in the last quarter. New England Private Wealth Advisors LLC acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth $62,000. XTX Topco Ltd acquired a new position in Diversified Healthcare Trust in the second quarter valued at about $74,000. Finally, BlackBarn Capital Partners LP grew its stake in Diversified Healthcare Trust by 128.6% during the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after buying an additional 2,250,000 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

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.