Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Down – Should You Sell?

Diversified Healthcare Trust (NASDAQ:DHC) shares gapped down prior to trading on Tuesday . The stock had previously closed at $2.30, but opened at $2.19. Diversified Healthcare Trust shares last traded at $2.18, with a volume of 24,553 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on DHC. StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada boosted their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th.

Diversified Healthcare Trust Trading Down 0.9 %

The business’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $3.10. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company has a market capitalization of $516.33 million, a price-to-earnings ratio of -1.33 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (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 net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the previous year, the business posted $0.03 earnings per share. On average, research analysts expect that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.87%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Institutional Trading of Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently modified their holdings of DHC. JPMorgan Chase & Co. grew its holdings in Diversified Healthcare Trust by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after purchasing an additional 324,787 shares during the period. Barclays PLC boosted its position in shares of Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 245,405 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Diversified Healthcare Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock valued at $23,751,000 after buying an additional 54,602 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Diversified Healthcare Trust by 26.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust’s stock valued at $1,753,000 after buying an additional 86,353 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Diversified Healthcare Trust by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust’s stock valued at $1,167,000 after buying an additional 18,800 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

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.