Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 4.9% - Should You Sell?

Shares of Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) fell 4.9% during mid-day trading on Friday . The stock traded as low as $3.45 and last traded at $3.43. 173,595 shares were traded during trading, a decline of 82% from the average session volume of 983,379 shares. The stock had previously closed at $3.60.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHC shares. B. Riley started coverage on shares of Diversified Healthcare Trust in a report on Thursday, April 3rd. They set a "buy" rating and a $4.50 target price for the company. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th.

Diversified Healthcare Trust Stock Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 14.36 and a current ratio of 14.36. The firm's 50-day moving average price is $3.43 and its two-hundred day moving average price is $2.77. The firm has a market capitalization of $837.14 million, a price-to-earnings ratio of -2.84 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $386.86 million for the quarter, compared to analyst estimates 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. Stockholders of record on Monday, July 21st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, July 21st. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -3.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new stake in Diversified Healthcare Trust in the 1st quarter worth about $34,000. Deerfield Management Company L.P. Series C bought a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $36,000. Farther Finance Advisors LLC grew its holdings 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 worth $36,000 after acquiring an additional 6,387 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Diversified Healthcare Trust during 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 own 75.98% of the company's stock.

Diversified Healthcare Trust Company Profile

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.