Key Points
- CEO Christopher Bilotto bought 20,000 shares on Dec. 15 at an average price of $4.89 (total $97,800), increasing his stake by 8.12% to 266,285 shares valued at about $1.30M, per an SEC filing.
- Diversified Healthcare Trust trades near $4.82 with a 52-week range of $2.00–$5.00 and a $1.17B market cap, but shows negative profitability metrics (negative P/E, ROE and net margin) and pays a minimal $0.04 annual dividend (0.8% yield).
- Analysts are mixed — one Buy, one Hold, one Sell with a consensus target of $5.75 — while institutional investors own roughly 75.98% of the shares and several hedge funds recently adjusted their stakes.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) CEO Christopher Bilotto purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Diversified Healthcare Trust Stock Down 1.8%
Shares of NASDAQ:DHC opened at $4.82 on Wednesday. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $5.00. The company has a quick ratio of 16.89, a current ratio of 16.89 and a debt-to-equity ratio of 1.61. The firm's 50-day simple moving average is $4.48 and its 200-day simple moving average is $4.02. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -3.30 and a beta of 2.39.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share for the quarter. The company had revenue of $370.78 million for the quarter. Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.
Diversified Healthcare Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -2.74%.
Analyst Upgrades and Downgrades
DHC has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an "underperform" rating to a "sector perform" rating and upped their price target for the stock from $3.00 to $5.00 in a research note on Thursday, November 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Diversified Healthcare Trust in a report on Wednesday, October 8th. Finally, B. Riley restated a "buy" rating and set a $6.50 target price (up from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Diversified Healthcare Trust presently has an average rating of "Hold" and a consensus price target of $5.75.
Check Out Our Latest Research Report on Diversified Healthcare Trust
Hedge Funds Weigh In On Diversified Healthcare Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park West Asset Management LLC purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at $8,583,000. Carronade Capital Management LP boosted its stake in shares of Diversified Healthcare Trust by 181.9% during the 3rd quarter. Carronade Capital Management LP now owns 4,561,748 shares of the real estate investment trust's stock worth $20,117,000 after purchasing an additional 2,943,300 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 buying an additional 2,370,459 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in shares of Diversified Healthcare Trust in the third quarter valued at approximately $6,383,000. Finally, Bank of America Corp DE boosted its position in Diversified Healthcare Trust by 486.4% during the third quarter. Bank of America Corp DE now owns 1,031,323 shares of the real estate investment trust's stock worth $4,548,000 after acquiring an additional 855,447 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company's stock.
About Diversified Healthcare Trust
(
Get Free Report)
Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
