During the last session, Diversified Healthcare Trust (NASDAQ:DHC)’s traded shares were 2.25 million, with the beta value of the company hitting 1.74. At the end of the trading day, the stock’s price was $1.15, reflecting an intraday gain of 1.77% or $0.02. The 52-week high for the DHC share is $2.37, that puts it down -106.09 from that peak though still a striking 46.96% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $274.50M, and the average intraday trading volume over the past 10 days was 3.68 million shares, and the average trade volume was 4.40 million shares over the past three months.
Diversified Healthcare Trust (DHC) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. DHC has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.23.
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Diversified Healthcare Trust (NASDAQ:DHC) trade information
Diversified Healthcare Trust (DHC) registered a 1.77% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.77% in intraday trading to $1.15 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 15.49%, and it has moved by 27.41% in 30 days. Based on these gigs, the overall price performance for the year is -46.76%. The short interest in Diversified Healthcare Trust (NASDAQ:DHC) is 3.92 million shares and it means that shorts have 1.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.00, which implies an increase of 42.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.00 and $3.00 respectively. As a result, DHC is trading at a discount of -160.87% off the target high and 13.04% off the low.
Diversified Healthcare Trust (DHC) estimates and forecasts
Statistics show that Diversified Healthcare Trust has outperformed its competitors in share price, compared to the industry in which it operates. Diversified Healthcare Trust (DHC) shares have gone up 9.52% during the last six months, with a year-to-date growth rate more than the industry average at 337.50% against -5.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 50.00% this quarter and then jump 38.20% in the quarter after that. In the rating firms’ projections, revenue will increase 10.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $353.15 million as predicted by 1 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $358.01 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $313.03 million and $322.92 million respectively. In this case, analysts expect current quarter sales to grow by 12.80% and then jump by 10.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.10%. While earnings are projected to return -109.00% in 2023, the next five years will return 3.20% per annum.
Diversified Healthcare Trust is due to release its next quarterly earnings between August 01 and August 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Diversified Healthcare Trust is 0.04, with the dividend yield indicating at 3.48 percent, continuing the trend of increasing dividends in recent years.
Diversified Healthcare Trust (NASDAQ:DHC)’s Major holders
Diversified Healthcare Trust insiders own 1.37% of total outstanding shares while institutional holders control 76.04%, with the float percentage being 77.10%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 240 institutions own stock in it. As of Mar 30, 2023, the company held over 24.45 million shares (or 10.20% of all shares), a total value of $33.01 million in shares.
The next largest institutional holding, with 17.73 million shares, is of Blackrock Inc.’s that is approximately 7.40% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $23.94 million.
Also, the Mutual Funds coming in first place with the largest holdings of Diversified Healthcare Trust (DHC) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2023 indicates that Vanguard Specialized-Real Estate Index Fund owns about 10.73 million shares. This amounts to just over 4.48 percent of the company’s overall shares, with a $8.49 million market value. The same data shows that the other fund manager holds slightly less at 6.42 million, or about 2.68% of the stock, which is worth about $4.15 million.