Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Up – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC) gapped up before the market opened on Tuesday . The stock had previously closed at $2.75, but opened at $2.91. Diversified Healthcare Trust shares last traded at $2.60, with a volume of 93,192 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

Diversified Healthcare Trust Stock Down 2.7 %

The company’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The stock has a market cap of $645.40 million, a PE ratio of -1.66 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $379.62 million during the quarter, compared to analysts’ expectations of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.50%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.60%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its position in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 2,767 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $288,000 after acquiring an additional 4,931 shares in the last quarter. Metis Global Partners LLC boosted its stake 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 during the period. State of Wyoming grew its position in shares of Diversified Healthcare Trust by 15.2% during the fourth quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 7,175 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Diversified Healthcare Trust by 2.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock valued at $1,362,000 after purchasing an additional 8,879 shares during the period. 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.