Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 1-Year High - Should You Buy?

Key Points

• Diversified Healthcare Trust (NASDAQ:DHC) reached a new 52-week high at $4.57, with the last trade at $4.45 and a trading volume of 194,701 shares.
• The company reported quarterly earnings of $0.08 per share, meeting analysts' expectations, with a revenue of $382.71 million, slightly below expectations.
• A recent dividend of $0.01 per share was announced, yielding 0.9%, with a payout ratio of -3.36%, indicating reinvestment of losses rather than profit distribution.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $4.57 and last traded at $4.45, with a volume of 194701 shares. The stock had previously closed at $4.45.

Diversified Healthcare Trust Stock Performance

The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.72 and a beta of 2.62. The stock has a fifty day moving average price of $3.66 and a two-hundred day moving average price of $3.13. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.The company had revenue of $382.71 million during the quarter, compared to analysts' expectations of $382.74 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were given a dividend of $0.01 per share. The ex-dividend date was Monday, July 21st. This represents a $0.04 annualized dividend and a yield of 0.9%. Diversified Healthcare Trust's dividend payout ratio is -3.36%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Large investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. lifted its position in Diversified Healthcare Trust by 16.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 262,674 shares of the real estate investment trust's stock worth $630,000 after buying an additional 37,493 shares during the period. Bank of America Corp DE lifted its position in Diversified Healthcare Trust by 56.9% during the fourth quarter. Bank of America Corp DE now owns 211,711 shares of the real estate investment trust's stock worth $487,000 after buying an additional 76,820 shares during the period. BNP Paribas Financial Markets acquired a new stake in Diversified Healthcare Trust during the fourth quarter worth about $65,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Diversified Healthcare Trust by 41.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,477 shares of the real estate investment trust's stock worth $884,000 after acquiring an additional 112,701 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Diversified Healthcare Trust during the first quarter worth about $59,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

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.

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