Diversified Healthcare Trust (NASDAQ:DHC) Sets New 1-Year Low – Should You Sell?

Diversified Healthcare Trust (NASDAQ:DHC) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $2.10 and last traded at $2.16, with a volume of 1070346 shares traded. The stock had previously closed at $2.18.

Analysts Set New Price Targets

DHC has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Monday.

Diversified Healthcare Trust Stock Down 0.9 %

The company has a market cap of $516.33 million, a P/E ratio of -1.33 and a beta of 2.17. The company’s 50-day moving average is $2.49 and its two-hundred day moving average is $3.09. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The business had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period in the previous year, the business posted $0.03 EPS. As a group, equities analysts predict that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC bought a new position in shares of Diversified Healthcare Trust in the 2nd quarter worth approximately $62,000. XTX Topco Ltd purchased a new stake in Diversified Healthcare Trust during the second quarter valued at approximately $74,000. Creative Planning raised its position in Diversified Healthcare Trust by 14.1% in the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 2,767 shares during the period. Metis Global Partners LLC raised its position in Diversified Healthcare Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 6,603 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 16,456 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.