Diversified Healthcare Trust (NASDAQ:DHC) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Diversified Healthcare Trust (NASDAQ:DHC) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $7.78 and traded as high as $7.84. Diversified Healthcare Trust shares last traded at $7.80, with a volume of 2,846,831 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on DHC. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Thursday, October 15th. Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Price Performance

The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.88 billion, a P/E ratio of 18.53 and a beta of 2.29. The business has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.75.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) 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 firm had revenue of $365.39 million for the quarter, compared to the consensus estimate of $370.75 million. Analysts predict that Diversified Healthcare Trust will post 0.60 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be given a $0.01 dividend. The ex-dividend date is Monday, October 19th. This represents a $0.04 annualized dividend 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 large investors have recently made changes to their positions in DHC. Carronade Capital Management LP grew its position in Diversified Healthcare Trust by 10.6% in the 1st quarter. Carronade Capital Management LP now owns 5,268,435 shares of the real estate investment trust’s stock valued at $34,982,000 after buying an additional 504,898 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth about $22,101,000. Bank of America Corp DE lifted its stake in shares of Diversified Healthcare Trust by 90.4% in the 1st quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock worth $17,810,000 after acquiring an additional 1,273,681 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Diversified Healthcare Trust by 231.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,767,596 shares of the real estate investment trust’s stock worth $16,439,000 after acquiring an additional 1,234,822 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Diversified Healthcare Trust by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,399,804 shares of the real estate investment trust’s stock worth $15,935,000 after acquiring an additional 138,708 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.