Diversified Healthcare Trust (NASDAQ:DHC) Sets New 52-Week High – What’s Next?

Diversified Healthcare Trust (NASDAQ:DHC) hit a new 52-week high on Tuesday . The stock traded as high as $6.64 and last traded at $6.53, with a volume of 33284 shares traded. The stock had previously closed at $6.30.

Analyst Ratings Changes

DHC has been the topic of several analyst reports. Zacks Research downgraded Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, January 21st. B. Riley Financial restated a “buy” rating and issued a $6.50 target price (up from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. Finally, Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $3.00 to $5.00 in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $5.75.

Diversified Healthcare Trust Trading Up 1.0%

The company has a debt-to-equity ratio of 1.61, a quick ratio of 16.89 and a current ratio of 16.89. The business’s 50 day moving average price is $5.47 and its 200-day moving average price is $4.64. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -4.52 and a beta of 2.43.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Monday, January 26th will be given a $0.01 dividend. The ex-dividend date is Monday, January 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.74%.

Insider Activity

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto acquired 20,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was purchased at an average price of $4.89 per share, with a total value of $97,800.00. Following the completion of the acquisition, the chief executive officer directly owned 266,285 shares in the company, valued at $1,302,133.65. This trade represents a 8.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.06% of the company’s stock.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several large investors have recently added to or reduced their stakes in DHC. Raymond James Financial Inc. acquired a new stake in shares of Diversified Healthcare Trust in the 2nd quarter worth about $28,000. CWM LLC grew its holdings in Diversified Healthcare Trust by 174.5% in the 4th quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 4,167 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Diversified Healthcare Trust during the 3rd quarter valued at $45,000. L2 Asset Management LLC acquired a new position in Diversified Healthcare Trust during the 4th quarter worth $49,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Diversified Healthcare Trust by 299.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,692 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 10,264 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.