Diversified Healthcare Trust (NASDAQ:DHC) shares traded 10.38% higher at $2.34 on Wall Street last session.
In accordance with the data, 1 analysts cover Diversified Healthcare Trust (NASDAQ:DHC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $2.12, this indicates a potential upside of 41.51 percent. DHC stock price is now 9.14% away from the 50-day moving average and 81.06% away from the 200-day moving average. The market capitalization of the company currently stands at $586.68M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target maintained at $4, Wells Fargo recently Downgraded its rating from Equal Weight to Underweight for Diversified Healthcare Trust (NASDAQ: DHC).
In other news, PORTNOY ADAM D., Director bought 2,000,000 shares of the company’s stock on Jun 14. The stock was bought for $6,132,600 at an average price of $3.07. Upon completion of the transaction, the Director now directly owns 23,250,019 shares in the company, valued at $54.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13, Director PORTNOY ADAM D. bought 1,992,259 shares of the business’s stock. A total of $6,026,783 was incurred on buying the stock at an average price of $3.03. This leaves the insider owning 21,250,019 shares of the company worth $49.73 million. Insiders disposed of 39,381 shares of company stock worth roughly $92151.54 over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DHC stock. A new stake in Diversified Healthcare Trust shares was purchased by STRATEGIC VALUE PARTNERS, LLC during the first quarter worth $16,036,000. LONESTAR CAPITAL MANAGEMENT LLC invested $15,840,000 in shares of DHC during the first quarter. In the first quarter, B. RILEY FINANCIAL, INC. acquired a new stake in Diversified Healthcare Trust valued at approximately $5,888,000. UNION SQUARE PARK CAPITAL MANAGEMENT, LLC acquired a new stake in DHC for approximately $2,574,000. PALOMA PARTNERS MANAGEMENT CO purchased a new stake in DHC valued at around $1,664,000 in the second quarter.
Diversified Healthcare Trust (NASDAQ: DHC) opened at $2.1100 on Wednesday. During the past 12 months, Diversified Healthcare Trust has had a low of $0.61 and a high of $3.30. The fifty day moving average price for DHC is $2.1708 and a two-hundred day moving average price translates $1.2994 for the stock.
The net profit margin was -23.40% and return on equity was -11.50% for DHC. The company reported revenue of $346.22 million for the quarter, compared to $313.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.6 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/17/2023. Investors who held shares on 07/24/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 1.71% percent yield. There was an ex-dividend date of 07/21/2023 for this dividend.
