Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 4.9% - Here's What Happened

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. B. Riley assumed coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They set a "buy" rating and a $4.50 price target on the stock.

Diversified Healthcare Trust Stock Performance

The company has a market capitalization of $851.62 million, a price-to-earnings ratio of -2.89 and a beta of 2.45. The stock has a 50-day moving average price of $3.43 and a 200-day moving average price of $2.77. The company has a debt-to-equity ratio of 1.44, a current ratio of 14.36 and a quick ratio of 14.36.

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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $386.86 million for the quarter, compared to analyst estimates of $381.19 million.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.13%. Diversified Healthcare Trust's payout ratio is currently -3.28%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Diversified Healthcare Trust by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 125,212 shares of the real estate investment trust's stock worth $288,000 after acquiring an additional 4,931 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Diversified Healthcare Trust by 169.2% during 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 during the last quarter. State of Wyoming raised its stake in 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 acquiring an additional 7,175 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Diversified Healthcare Trust by 2.5% during the 1st 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. increased its holdings in 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 valued at $233,000 after buying an additional 10,562 shares during the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

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.