Diversified Healthcare Trust (NASDAQ:DHC) Shares Up 6.2% - What's Next?

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s share price shot up 6.2% during trading on Wednesday . The company traded as high as $3.80 and last traded at $3.84. 235,906 shares were traded during trading, a decline of 76% from the average session volume of 980,655 shares. The stock had previously closed at $3.61.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHC shares. B. Riley initiated coverage on shares of Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued 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 Price Performance

The company has a market capitalization of $902.28 million, a price-to-earnings ratio of -3.07 and a beta of 2.45. The company has a fifty day simple moving average of $2.92 and a two-hundred day simple moving average of $2.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 14.36 and a current ratio of 14.36.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 EPS for the quarter, beating 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 business had revenue of $386.86 million during the quarter, compared to the consensus estimate of $381.19 million.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.28%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DHC. Strs Ohio acquired a new position in Diversified Healthcare Trust during the first quarter worth approximately $103,000. Smith Asset Management Co. LLC purchased a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at $56,000. Aristeia Capital L.L.C. acquired a new stake in shares of Diversified Healthcare Trust during the 1st quarter worth $391,000. Caxton Associates LLP acquired a new stake in shares of Diversified Healthcare Trust during the 1st quarter worth $453,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust's stock worth $9,270,000 after buying an additional 2,370,459 shares during the period. 75.98% of the stock is currently owned by hedge funds and other 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.