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

Key Points

• Diversified Healthcare Trust's stock reached a new 52-week high of $4.28, with a recent trading volume of over 313,000 shares.
• The company reported $0.08 EPS for its latest quarter, matching consensus estimates, while total revenue was close to expectations at $382.71 million.
• A recently paid dividend of $0.01 per share resulted in an annualized yield of 0.9%, with the company's dividend payout ratio currently at -3.36%.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $4.27 and last traded at $4.28, with a volume of 313233 shares. The stock had previously closed at $4.12.

Diversified Healthcare Trust Stock Down 1.8%

The company has a market capitalization of $1.07 billion, a P/E ratio of -3.74 and a beta of 2.62. The firm's 50 day moving average price is $3.66 and its two-hundred day moving average price is $3.12. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 1.42.

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

Diversified Healthcare Trust Announces Dividend

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

Hedge Funds Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DHC. Raymond James Financial Inc. bought a new position in shares of Diversified Healthcare Trust in the second quarter valued at $28,000. Chicago Partners Investment Group LLC bought a new position in shares of Diversified Healthcare Trust in the first quarter valued at $34,000. Farther Finance Advisors LLC grew its stake in shares of Diversified Healthcare Trust by 169.2% in the second 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 in the last quarter. Brooklyn Investment Group grew its stake in shares of Diversified Healthcare Trust by 296.3% in the first quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 13,588 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in Diversified Healthcare Trust during the 1st quarter valued at $45,000. 75.98% of the stock is owned by 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.