Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s share price traded down 4.3% during trading 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
DHC has been the subject of several recent research reports. Wall Street Zen upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a report on Thursday, April 3rd. They set a "buy" rating and a $4.50 price target for the company.
Read Our Latest Analysis on DHC
Diversified Healthcare Trust Stock Up 4.6%
The company has a market capitalization of $938.46 million, a P/E ratio of -3.19 and a beta of 2.45. The company has a debt-to-equity ratio of 1.44, a current ratio of 14.36 and a quick ratio of 14.36. The company has a 50 day moving average of $3.34 and a 200-day moving average of $2.72.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Diversified Healthcare Trust had a negative return on equity of 14.46% and a negative net margin of 19.38%. The business had revenue of $386.86 million during the quarter, compared to analysts' expectations of $381.19 million.
Diversified Healthcare Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, July 21st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.03%. The ex-dividend date is Monday, July 21st. Diversified Healthcare Trust's dividend payout ratio (DPR) is currently -3.28%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diversified Healthcare Trust by 4.1% during 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. Farther Finance Advisors LLC boosted its stake in Diversified Healthcare Trust by 169.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 6,387 shares during the last quarter. State of Wyoming increased its holdings in shares of Diversified Healthcare Trust by 15.2% in the 4th 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. Asset Management One Co. Ltd. raised its stake in shares of Diversified Healthcare Trust by 2.5% in the first quarter. Asset Management One Co. Ltd. now owns 333,178 shares of the real estate investment trust's stock worth $800,000 after purchasing an additional 8,007 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of Diversified Healthcare Trust by 12.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 94,531 shares of the real estate investment trust's stock worth $233,000 after purchasing an additional 10,562 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.
About Diversified Healthcare Trust
(
Get Free Report)
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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