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

Diversified Healthcare Trust (NASDAQ:DHC) shares gapped up prior to trading on Monday . The stock had previously closed at $8.90, but opened at $9.37. Diversified Healthcare Trust shares last traded at $8.8560, with a volume of 140,521 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on DHC shares. Royal Bank Of Canada lifted their target price on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Wall Street Zen cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Maxim Group raised their price objective on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. B. Riley Financial upped their target price on Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Diversified Healthcare Trust has an average rating of “Moderate Buy” and an average target price of $9.83.

Diversified Healthcare Trust Stock Performance

The company has a debt-to-equity ratio of 1.48, a current ratio of 5.36 and a quick ratio of 5.36. The stock’s 50-day moving average price is $8.97 and its 200-day moving average price is $7.67. The company has a market cap of $2.16 billion, a P/E ratio of -6.70 and a beta of 2.30.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Diversified Healthcare Trust had a negative return on equity of 18.75% and a negative net margin of 21.10%.The business had revenue of $366.47 million for the quarter, compared to the consensus estimate of $380.18 million. Equities analysts anticipate that Diversified Healthcare Trust will post 0.6 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio is presently -3.01%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Diversified Healthcare Trust by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 5,544 shares during the period. Goldman Sachs Group Inc. raised its holdings in Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after acquiring an additional 2,370,459 shares in the last quarter. Strs Ohio acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $103,000. JPMorgan Chase & Co. lifted its position in shares of Diversified Healthcare Trust by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock valued at $3,308,000 after acquiring an additional 84,572 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Diversified Healthcare Trust by 1.9% during the 2nd quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock valued at $1,391,000 after acquiring an additional 7,084 shares during the period. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Diversified Healthcare Trust Company Profile

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.