Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Down – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price 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.

Analyst Ratings Changes

Several brokerages recently issued reports on DHC. Royal Bank of Canada boosted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Monday.

Diversified Healthcare Trust Trading Down 0.9 %

The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $516.33 million, a P/E ratio of -1.33 and a beta of 2.17. The business has a fifty day moving average price of $2.54 and a 200 day moving average price of $3.10.

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

Diversified Healthcare Trust Announces Dividend

The firm 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. This represents a $0.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHC. BlackBarn Capital Partners LP increased its position in shares of Diversified Healthcare Trust by 128.6% during the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after purchasing an additional 2,250,000 shares during the last quarter. RBF Capital LLC raised its holdings in shares of Diversified Healthcare Trust by 433.1% in the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after purchasing an additional 1,056,131 shares during the period. Anson Funds Management LP acquired a new stake in Diversified Healthcare Trust in the 3rd quarter valued at about $2,995,000. Jacobs Levy Equity Management Inc. acquired a new stake in Diversified Healthcare Trust in the 3rd quarter valued at about $2,197,000. Finally, JPMorgan Chase & Co. grew its holdings in Diversified Healthcare Trust by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock worth $3,619,000 after purchasing an additional 324,787 shares during the period. 75.98% of the stock is owned by institutional investors.

About Diversified Healthcare Trust

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.