Diversified Healthcare Trust (NASDAQ:DHC) Reaches New 12-Month High After Analyst Upgrade

Diversified Healthcare Trust (NASDAQ:DHC)’s share price hit a new 52-week high during mid-day trading on Wednesday after B. Riley Financial raised their price target on the stock from $6.50 to $8.50. B. Riley Financial currently has a buy rating on the stock. Diversified Healthcare Trust traded as high as $7.52 and last traded at $7.26, with a volume of 3168938 shares traded. The stock had previously closed at $7.24.

Several other research analysts have also commented on DHC. Royal Bank Of Canada increased their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Diversified Healthcare Trust presently has a consensus rating of “Hold” and a consensus target price of $7.25.

Insider Transactions at Diversified Healthcare Trust

In other news, CEO Christopher J. Bilotto acquired 20,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of $4.89 per share, for a total transaction of $97,800.00. Following the transaction, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This represents a 8.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.06% of the company’s stock.

Institutional Investors Weigh In On Diversified Healthcare Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in shares of Diversified Healthcare Trust by 7.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,129,197 shares of the real estate investment trust’s stock valued at $7,623,000 after acquiring an additional 151,479 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Diversified Healthcare Trust by 85.1% during the third quarter. Allianz Asset Management GmbH now owns 206,547 shares of the real estate investment trust’s stock valued at $911,000 after buying an additional 94,937 shares during the period. SG Americas Securities LLC grew its position in Diversified Healthcare Trust by 560.3% in the 3rd quarter. SG Americas Securities LLC now owns 244,211 shares of the real estate investment trust’s stock valued at $1,077,000 after acquiring an additional 207,225 shares during the last quarter. Centersquare Investment Management LLC bought a new position in shares of Diversified Healthcare Trust in the third quarter worth about $6,383,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Diversified Healthcare Trust by 22.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,890,628 shares of the real estate investment trust’s stock worth $6,768,000 after acquiring an additional 345,110 shares during the period. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Up 0.3%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.36 and a current ratio of 2.36. The company has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $4.89. The firm has a market capitalization of $1.76 billion, a PE ratio of -6.10 and a beta of 2.39.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.21). Diversified Healthcare Trust had a negative return on equity of 15.98% and a negative net margin of 18.59%.The company had revenue of $379.57 million during the quarter, compared to the consensus estimate of $392.89 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were paid a $0.01 dividend. The ex-dividend date was Monday, January 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio is presently -3.36%.

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.