Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 4.3% - Should You Sell?

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) shares fell 4.3% on Friday . The company traded as low as $3.66 and last traded at $3.64. 18,605 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 982,013 shares. The stock had previously closed at $3.80.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHC. B. Riley began coverage on shares of Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price target on the stock. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th.

Diversified Healthcare Trust Trading Down 2.1%

The firm's 50-day moving average is $3.34 and its 200 day moving average is $2.72. The company has a current ratio of 14.36, a quick ratio of 14.36 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $897.45 million, a price-to-earnings ratio of -3.05 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Diversified Healthcare Trust had a negative net margin of 19.38% and a negative return on equity of 14.46%. The business had revenue of $386.86 million for the quarter, compared to the consensus estimate of $381.19 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be given a $0.01 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.08%. Diversified Healthcare Trust's dividend payout ratio (DPR) is currently -3.28%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DHC. Chicago Partners Investment Group LLC acquired a new position in shares of Diversified Healthcare Trust in the 1st quarter worth approximately $34,000. Deerfield Management Company L.P. Series C acquired a new position in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $36,000. Farther Finance Advisors LLC lifted its position in shares of 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 worth $36,000 after purchasing an additional 6,387 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $41,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 75.98% of the company's stock.

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.