Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Down – Should You Sell?

Diversified Healthcare Trust (NASDAQ:DHC) gapped down before the market opened on Tuesday . The stock had previously closed at $2.30, but opened at $2.19. Diversified Healthcare Trust shares last traded at $2.18, with a volume of 24,553 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DHC shares. 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 lifted their price target on shares of 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 Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The firm’s fifty day moving average is $2.57 and its two-hundred day moving average is $3.11. The company has a market cap of $523.57 million, a P/E ratio of -1.35 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same period last year, the business posted $0.03 EPS. As a group, analysts anticipate that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.84%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. New England Private Wealth Advisors LLC bought a new position in shares of Diversified Healthcare Trust during the 2nd quarter valued at approximately $62,000. XTX Topco Ltd bought a new position in Diversified Healthcare Trust during the second quarter valued at $74,000. Creative Planning raised its stake in shares of Diversified Healthcare Trust by 14.1% in the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 6,603 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 16,456 shares during the period. 75.98% of the stock is owned by hedge funds and other institutional investors.

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.