Diversified Healthcare Trust (NASDAQ:DHC) Sets New 1-Year High – Still a Buy?

by · The Markets Daily

Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $6.05 and last traded at $6.0350, with a volume of 1373518 shares. The stock had previously closed at $5.90.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $3.00 to $5.00 in a report on Thursday, November 13th. B. Riley reiterated a “buy” rating and set a $6.50 target price (up previously from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.75.

Read Our Latest Research Report on DHC

Diversified Healthcare Trust Price Performance

The business’s 50-day simple moving average is $4.96 and its 200 day simple moving average is $4.31. The company has a market capitalization of $1.46 billion, a P/E ratio of -4.12 and a beta of 2.42. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61.

Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The company had revenue of $388.71 million for the quarter, compared to analyst estimates of $382.10 million. Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, January 26th. Diversified Healthcare Trust’s payout ratio is presently -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 that occurred on Monday, December 15th. The stock was 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 of the company’s stock, valued at approximately $1,302,133.65. This represents a 8.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Diversified Healthcare Trust in the second quarter valued at $28,000. Farther Finance Advisors LLC increased its stake in Diversified Healthcare Trust by 169.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 6,387 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at $45,000. Harbor Capital Advisors Inc. increased its stake in shares of Diversified Healthcare Trust by 299.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,692 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 10,264 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Diversified Healthcare Trust during the third quarter valued at $75,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

About Diversified Healthcare Trust

(Get Free Report)

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.

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