Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 1-Year High – Still a Buy?
by Doug Wharley · The Cerbat GemDiversified Healthcare Trust (NASDAQ:DHC – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.19 and last traded at $6.1450, with a volume of 609958 shares trading hands. The stock had previously closed at $6.01.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on DHC. B. Riley reaffirmed a “buy” rating and issued a $6.50 price target (up from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. Zacks Research downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $3.00 to $5.00 in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Diversified Healthcare Trust presently has an average rating of “Reduce” and a consensus target price of $5.75.
View Our Latest Stock Report on DHC
Diversified Healthcare Trust Trading Up 3.4%
The business has a 50 day moving average of $5.21 and a 200 day moving average of $4.47. The company has a debt-to-equity ratio of 1.61, a current ratio of 16.89 and a quick ratio of 16.89. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -4.24 and a beta of 2.43.
Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%. The firm had revenue of $388.71 million during the quarter, compared to analyst estimates of $382.10 million.
Diversified Healthcare Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be given a $0.01 dividend. The ex-dividend date is Monday, January 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.74%.
Insider Buying and Selling
In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto bought 20,000 shares of Diversified Healthcare Trust stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the acquisition, the chief executive officer owned 266,285 shares in the company, valued at approximately $1,302,133.65. The trade was a 8.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.
Institutional Trading of Diversified Healthcare Trust
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Diversified Healthcare Trust during the second quarter worth about $28,000. CWM LLC lifted its position in shares of Diversified Healthcare Trust by 174.5% in the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 4,167 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Diversified Healthcare Trust by 169.2% during the second quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 6,387 shares during the last quarter. Ground Swell Capital LLC bought a new position in Diversified Healthcare Trust in the third quarter valued at $45,000. Finally, Harbor Capital Advisors Inc. increased its stake in Diversified Healthcare Trust by 299.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 13,692 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 10,264 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.
About Diversified Healthcare Trust
Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.
The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.