Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 12-Month Low – Here’s Why

Shares of Diversified Healthcare Trust (NASDAQ:DHC) reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.10 and last traded at $2.16, with a volume of 1070346 shares changing hands. The stock had previously closed at $2.18.

Wall Street Analyst Weigh In

DHC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank of Canada upped their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The stock has a market cap of $521.15 million, a P/E ratio of -1.34 and a beta of 2.17. The stock has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $3.10.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The company had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same quarter in the prior year, the company earned $0.03 earnings per share. Research analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of DHC. JPMorgan Chase & Co. raised its position in Diversified Healthcare Trust by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after purchasing an additional 324,787 shares during the last quarter. Barclays PLC increased its stake in shares of Diversified Healthcare Trust by 310.2% in the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock valued at $1,360,000 after buying an additional 245,405 shares during the period. Geode Capital Management LLC raised its holdings in Diversified Healthcare Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock valued at $23,751,000 after buying an additional 54,602 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Diversified Healthcare Trust by 26.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust’s stock worth $1,753,000 after buying an additional 86,353 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Diversified Healthcare Trust by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust’s stock worth $1,167,000 after acquiring an additional 18,800 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.