Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 6.9% – Time to Sell?

Diversified Healthcare Trust (NASDAQ:DHC) shares were down 6.9% on Thursday . The stock traded as low as $2.65 and last traded at $2.68. Approximately 553,394 shares traded hands during trading, a decline of 48% from the average daily volume of 1,059,875 shares. The stock had previously closed at $2.88.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DHC shares. B. Riley boosted their target price on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, August 5th. StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada raised their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st.

Diversified Healthcare Trust Trading Down 1.9 %

The firm’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.12. The stock has a market capitalization of $634.54 million, a P/E ratio of -1.63 and a beta of 2.23. The company has a quick ratio of 11.63, a current ratio of 11.57 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last issued 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 firm had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the previous year, the firm earned $0.03 earnings per share. As a group, analysts forecast that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new stake in Diversified Healthcare Trust in the 3rd quarter valued at $187,000. Metis Global Partners LLC grew its stake in shares of Diversified Healthcare Trust by 38.8% in the 3rd 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 in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Diversified Healthcare Trust in the third quarter valued at about $648,000. Asset Management One Co. Ltd. lifted its position in shares of Diversified Healthcare Trust by 2.8% during the third quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock valued at $1,362,000 after purchasing an additional 8,879 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Diversified Healthcare Trust by 68.9% during the third 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 purchasing an additional 16,456 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.

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.