Diversified Healthcare Trust (NASDAQ:DHC) Sets New 1-Year High – Time to Buy?

Diversified Healthcare Trust (NASDAQ:DHC)’s share price hit a new 52-week high on Thursday . The company traded as high as $6.19 and last traded at $6.1450, with a volume of 609958 shares traded. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

DHC has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and raised their target price for the company from $3.00 to $5.00 in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. B. Riley Financial restated a “buy” rating and issued a $6.50 price objective (up from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday, December 15th. Finally, Zacks Research downgraded Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $5.75.

Diversified Healthcare Trust Trading Up 2.7%

The company has a 50 day simple moving average of $5.27 and a 200 day simple moving average of $4.50. The company has a market capitalization of $1.54 billion, a PE ratio of -4.36 and a beta of 2.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 16.89 and a current ratio of 16.89.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.74%.

Insiders Place Their Bets

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto bought 20,000 shares of the stock in a transaction on Monday, December 15th. The shares were bought at an average price of $4.89 per share, with a total value of $97,800.00. Following the purchase, the chief executive officer directly owned 266,285 shares in the company, valued at $1,302,133.65. This trade represents a 8.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Trading of Diversified Healthcare Trust

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 5,544 shares during the period. Goldman Sachs Group Inc. increased its position in Diversified Healthcare Trust by 158.9% during the first 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 during the last quarter. Strs Ohio purchased a new position in Diversified Healthcare Trust during the first quarter worth about $103,000. Metis Global Partners LLC boosted its holdings in Diversified Healthcare Trust by 30.1% in the 2nd quarter. Metis Global Partners LLC now owns 35,816 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 8,293 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Diversified Healthcare Trust by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,847,246 shares of the real estate investment trust’s stock valued at $20,936,000 after purchasing an additional 44,759 shares during the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

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.