Diversified Healthcare Trust (NASDAQ:DHC) Trading Up 9.6% Following Dividend Announcement

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price was up 9.6% during trading on Friday after the company announced a dividend. The stock traded as high as $5.98 and last traded at $6.0260. Approximately 2,670,843 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 1,563,038 shares. The stock had previously closed at $5.50.

The newly announced dividend which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.74%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DHC shares. B. Riley restated a “buy” rating and set a $6.50 price objective (up from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upgraded shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from $3.00 to $5.00 in a report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Diversified Healthcare Trust currently has a consensus rating of “Hold” and an average target price of $5.75.

Diversified Healthcare Trust Stock Up 8.6%

The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -4.10 and a beta of 2.42. The firm’s 50 day simple moving average is $4.88 and its two-hundred day simple moving average is $4.25.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $388.71 million for the quarter, compared to the consensus estimate of $382.10 million. Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.

Insider Activity at Diversified Healthcare Trust

In related news, CEO Christopher J. Bilotto purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.37% of the company’s stock.

Institutional Trading of Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently made changes to their positions in DHC. Raymond James Financial Inc. bought a new position in Diversified Healthcare Trust in the second quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its stake in shares of Diversified Healthcare Trust by 169.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 6,387 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth $45,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth $75,000. Finally, Tower Research Capital LLC TRC boosted its stake in Diversified Healthcare Trust by 222.2% in the second quarter. Tower Research Capital LLC TRC now owns 24,008 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 16,556 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

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.