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

Diversified Healthcare Trust (NASDAQ:DHC) gapped down before the market opened on Monday . The stock had previously closed at $8.38, but opened at $8.00. Diversified Healthcare Trust shares last traded at $8.40, with a volume of 85,963 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DHC. Royal Bank Of Canada lifted their price target on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. B. Riley Financial upped their price objective on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Maxim Group raised their target price on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Freedom Capital upgraded shares of Diversified Healthcare Trust to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Stock Performance

The stock has a market cap of $2.02 billion, a P/E ratio of -7.54 and a beta of 2.30. The firm has a 50 day moving average of $8.98 and a two-hundred day moving average of $7.87. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%.The company had revenue of $365.39 million during the quarter, compared to analyst estimates of $370.75 million. On average, research analysts predict that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is -3.60%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several hedge funds have recently made changes to their positions in DHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Diversified Healthcare Trust by 4.4% in the 1st 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 acquiring an additional 5,544 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Strs Ohio acquired a new stake in shares of Diversified Healthcare Trust during the 1st quarter worth approximately $103,000. JPMorgan Chase & Co. increased its position in shares of Diversified Healthcare Trust by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock valued at $3,308,000 after purchasing an additional 84,572 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Diversified Healthcare Trust by 1.9% during the second quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock valued at $1,391,000 after purchasing an additional 7,084 shares during the period. Institutional investors own 75.98% of the company’s stock.

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.