Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 5.4% – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHC) fell 5.4% on Friday . The company traded as low as $2.52 and last traded at $2.54. 1,314,695 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 961,990 shares. The stock had previously closed at $2.68.

Analysts Set New Price Targets

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

Diversified Healthcare Trust Trading Down 5.8 %

The company has a market cap of $609.21 million, a P/E ratio of -1.57 and a beta of 2.15. The firm has a 50-day moving average of $2.49 and a 200 day moving average of $2.84. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.

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

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. 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 presently -2.60%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackBarn Capital Partners LP increased its holdings in shares of Diversified Healthcare Trust by 41.8% during the fourth quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust’s stock valued at $14,375,000 after acquiring an additional 1,841,503 shares in 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 worth $5,447,000 after acquiring an additional 1,056,131 shares during the last quarter. Anson Funds Management LP bought a new position in Diversified Healthcare Trust in the 3rd quarter valued at about $2,995,000. Jacobs Levy Equity Management Inc. acquired a new position in Diversified Healthcare Trust during the 3rd quarter valued at about $2,197,000. Finally, Cibc World Markets Corp bought a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $990,000. 75.98% of the stock is owned by institutional investors and hedge funds.

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.