At the last check on Friday, Diversified Healthcare Trust’s (NASDAQ:DHC) stock was up $0.19, moving up 6.86 percent to $2.93. The average number of shares traded per day over the past five days has been 869,425 shares. 1 time new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 1,690,341, while in the previous 50 days, it was 2,791,987.
Since last month, DHC stock rose 10.49%. Shares of the company fell to $1.99 on 08/02/23, the lowest level in the past month. A 52-week high of $3.30 was reached on 08/08/23 after having rallying from a 52-week low of $0.61. Since the beginning of this year, DHC’s stock price has risen by 352.71% or $2.22, and marked a new high 21 times. However, the stock has declined by -11.27% since its 52-week high.
DHC stock investors should be aware that Diversified Healthcare Trust (DHC) stock had its last reported insider trading activity 65 days ago on Jun 14. PORTNOY ADAM D., the Director of the company, purchased of 2,000,000 shares for $3.07 on Jun 14. It resulted in a $6,132,600 investment by the insider. PORTNOY ADAM D. added 1,992,259 shares at an average price of $3.03 on Jun 13. The insider now owns 21,250,019 shares following the transaction. On Jun 12, Director PORTNOY ADAM D. bought 2,011,256 shares at $2.87 apiece. The transaction was valued at $5,778,540.
Valuation Metrics
The stock’s beta is 1.78. Besides these, the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 0.28.
The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01. On Thursday April 2 2020, a $0.14 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.11, and the total debt-to-equity ratio was 1.11. On the profitability front, the trailing twelve-month gross margin is 15.20% percent. In the year ended June 29, operating margins totaled -7.60%. Based on annual data, DHC earned -$93.82 million in gross profit and brought in $1.28 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.20%. Return on equity (ROE) for the past 12 months was -10.40%.
In Diversified Healthcare Trust’s quarter-end financial report for June 29, it reported total debt of $450.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DHC’s revenue rose 9.59% to $346.03 million during the quarter, while net income inched up to $346.22 million. While analysts expected Diversified Healthcare Trust to report -$0.23 quarterly earnings, the actual figure was -$0.3 per share, beating the consensus estimate by -30.40%. During the quarter, the company generated $37.64 million in EBITDA. The value of shareholders’ equity is $239.79 million.
Technical Picture
This quick technical analysis looks at Diversified Healthcare Trust’s (DHC) price momentum. With a historical volatility rate of 107.95%, the RSI 9-day stood at 56.64% on 17 August.
With respect to its five-day moving average, the current Diversified Healthcare Trust price is up by +0.71% percent or $0.02. At present, DHC shares trade +15.50% above its 20-day simple moving average and +119.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.71% above its SMA50 and +111.04% above its SMA200.
Stochastic coefficient K was 60.31% and Stochastic coefficient D was 60.82%, while ATR was 0.25. Given the Stochastic reading of 67.18% for the 14-day period, the RSI (14) reading has been calculated as 57.33%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.01.
Analyst Ratings
Diversified Healthcare Trust downgraded its rating on Diversified Healthcare Trust (NASDAQ: DHC) to an Underweight in a note to investors on December 10, 2020. The analysts firm previously had an Equal weight rating on the stock.Diversified Healthcare Trust (DHC) has been rated Buy by analysts. According to 0 brokerage firms, DHC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Diversified Healthcare Trust stock as buy, with 1 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $4.00. Based on these forecasts, analysts predict Diversified Healthcare Trust (DHC) will achieve an average price target of $4.00.
