Diversified Healthcare Trust (NASDAQ:DHC) Trading 5.2% Higher – Still a Buy?

Diversified Healthcare Trust (NASDAQ:DHC) rose 5.2% during mid-day trading on Tuesday . The stock traded as high as $2.48 and last traded at $2.53. Approximately 203,848 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 979,111 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

Separately, StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.

Diversified Healthcare Trust Stock Up 5.2 %

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 company has a market cap of $609.12 million, a PE ratio of -1.56 and a beta of 2.15. The business’s 50 day moving average is $2.55 and its 200-day moving average is $2.79.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.31. The business had revenue of $379.62 million for the quarter, compared to analyst estimates of $370.97 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.58%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.60%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Deerfield Management Company L.P. Series C acquired a new position in Diversified Healthcare Trust in the fourth quarter valued at approximately $36,000. Boothbay Fund Management LLC purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at $41,000. Proficio Capital Partners LLC purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at $44,000. RPO LLC acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in Diversified Healthcare Trust in the fourth quarter valued at $65,000. Institutional investors and hedge funds 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.