Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 52-Week High – Time to Buy?
by Doug Wharley · The Cerbat GemDiversified Healthcare Trust (NASDAQ:DHC – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $5.20 and last traded at $5.1830, with a volume of 1634402 shares. The stock had previously closed at $4.98.
Analyst Upgrades and Downgrades
DHC has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. B. Riley reissued a “buy” rating and set a $6.50 price objective (up previously from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. Finally, Royal Bank Of Canada raised Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from $3.00 to $5.00 in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Diversified Healthcare Trust currently has a consensus rating of “Hold” and an average target price of $5.75.
Get Our Latest Analysis on Diversified Healthcare Trust
Diversified Healthcare Trust Trading Up 1.5%
The company has a market cap of $1.29 billion, a P/E ratio of -3.64 and a beta of 2.42. The business has a fifty day simple moving average of $4.74 and a 200 day simple moving average of $4.18. The company has a debt-to-equity ratio of 1.61, a quick ratio of 16.89 and a current ratio of 16.89.
Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) last posted its earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 EPS for the quarter. The company had revenue of $370.78 million during the quarter. Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.
Diversified Healthcare Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, October 27th. Diversified Healthcare Trust’s payout ratio is currently -2.74%.
Insiders Place Their Bets
In related news, CEO Christopher J. Bilotto bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average cost of $4.89 per share, for a total transaction of $97,800.00. Following the acquisition, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at $1,302,133.65. The trade was a 8.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.37% of the company’s stock.
Institutional Trading of Diversified Healthcare Trust
A number of hedge funds have recently made changes to their positions in DHC. MetLife Investment Management LLC grew its stake in shares of Diversified Healthcare Trust by 35.6% in the 1st quarter. MetLife Investment Management LLC now owns 133,696 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 35,081 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 5,544 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Diversified Healthcare Trust by 158.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after purchasing an additional 2,370,459 shares during the period. Caxton Associates LLP bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at $453,000. Finally, Smith Asset Management Co. LLC bought a new position in Diversified Healthcare Trust during the first quarter worth about $56,000. 75.98% of the stock is owned by hedge funds and other institutional investors.
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.