Diversified Healthcare Trust (NASDAQ: DHC) See Significant Increase in Volume Following Analyst Upgrade


Shares of Diversified Healthcare Trust (NASDAQ: DHC) posted unusually high trading volume on Thursday after B. Riley raised his price target from $ 5.00 to $ 6.00. About 23,952 shares traded at midday, down 98% from the previous session’s volume of 1,266,008 shares. The stock last traded at $ 2.90 and had previously closed at $ 2.76.

Separately, Zacks investment research upgraded Diversified Healthcare Trust from a “sell” rating to a “keep” rating in a research report published on Wednesday, October 20.

Hedge funds have recently changed their positions in the company. Bank of New York Mellon Corp increased its position in Diversified Healthcare Trust by 1.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,312,699 real estate investment trust shares valued at $ 14,620,000 after purchasing an additional 76,561 shares in the last quarter. Janus Henderson Group PLC increased its position in Diversified Healthcare Trust by 43.4% during the 3rd quarter. Janus Henderson Group PLC now owns 73,236 Real Estate Investment Trust shares valued at $ 248,000 after purchasing an additional 22,159 shares during the last quarter. Jane Street Group LLC increased its position in Diversified Healthcare Trust by 137.0% during the 3rd quarter. Jane Street Group LLC now owns 84,279 real estate investment trust shares worth $ 286,000 after purchasing an additional 48,711 shares in the last quarter. Two Sigma Advisers LP increased its position in Diversified Healthcare Trust by 103.3% during the 3rd quarter. Two Sigma Advisers LP now owns 620,800 real estate investment trust shares valued at $ 2,105,000 after purchasing an additional 315,400 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Diversified Healthcare Trust by 110.3% during the 3rd quarter. Two Sigma Investments LP now owns 893,725 Real Estate Investment Trust shares valued at $ 3,030,000 after purchasing an additional 468,698 shares in the last quarter. Institutional investors and hedge funds hold 77.96% of the company’s shares.

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The stock has a market cap of $ 702.65 million, a PE ratio of -3.34, a PEG ratio of 3.24, and a beta of 1.47. The company has a 50-day moving average of $ 3.12 and a 200-day moving average of $ 3.56. The company has a debt to equity ratio of 1.45, a quick ratio of 0.96, and a current ratio of 0.96.

Diversified Healthcare Trust (NASDAQ: DHC) last released its quarterly results on Wednesday, November 3. The REIT reported ($ 0.38) EPS for the quarter, missing the consensus estimate of ($ 0.23) of ($ 0.15). Diversified Healthcare Trust had a negative net margin of 14.48% and a negative return on equity of 8.23%. Stock analysts expect Diversified Healthcare Trust to post 0.06 BPA for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 18. Shareholders of record on Monday, October 25, received a dividend of $ 0.01. This represents an annualized dividend of $ 0.04 and a return of 1.36%. The ex-dividend date of this dividend was Friday October 22. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -4.60%.

Diversified Healthcare Trust Company Profile (NASDAQ: DHC)

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior 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 includes medical office buildings leased to medical providers and other medical related businesses, as well as life science buildings leased to biotechnology laboratories and others. similar tenants.

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