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Diversified Healthcare Trust (NASDAQ:DHC) Shares Plunged -1.82% In A Week – But Can It Maintain Its Gains?

In last trading session, Diversified Healthcare Trust (NASDAQ:DHC) saw 0.67 million shares changing hands with its beta currently measuring 2.04. Company’s recent per share price level of $2.70 trading at $0.07 or 2.66% at ring of the bell on the day assigns it a market valuation of $649.22M. That closing price of DHC’s stock is at a discount of -46.67% from its 52-week high price of $3.96 and is indicating a premium of 76.3% from its 52-week low price of $0.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.77 million shares which gives us an average trading volume of 1.41 million if we extend that period to 3-months.

Diversified Healthcare Trust (NASDAQ:DHC) trade information

Upright in the green during last session for gaining 2.66%, in the last five days DHC remained trading in the red while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $2.70 price level, adding 2.17% to its value on the day. Diversified Healthcare Trust’s shares saw a change of -27.81% in year-to-date performance and have moved -1.82% in past 5-day. Diversified Healthcare Trust (NASDAQ:DHC) showed a performance of -11.18% in past 30-days. Number of shares sold short was 4.94 million shares which calculate 2.55 days to cover the short interests.

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Diversified Healthcare Trust (DHC) estimates and forecasts

Statistics highlight that Diversified Healthcare Trust is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -12.05% of value to its shares in past 6 months, showing an annual growth rate of 218.75% while that of industry is -5.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 12.60% while estimates for its earnings growth in next 5 years are of 3.20%.

DHC Dividends

Diversified Healthcare Trust is more likely to be releasing its next quarterly report on February 26 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Diversified Healthcare Trust (NASDAQ:DHC)’s Major holders

Insiders are in possession of 10.10% of company’s total shares while institution are holding 73.73 percent of that, with stock having share float percentage of 82.01%. Investors also watch the number of corporate investors in a company very closely, which is 73.73% institutions for Diversified Healthcare Trust that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at DHC for having 23.83 million shares of worth $53.61 million. And as of Jun 29, 2023, it was holding 9.94% of the company’s outstanding shares.

The second largest institutional holder is Flat Footed LLC, which was holding about 23.49 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 9.79% of outstanding shares, having a total worth of $52.85 million.

On the other hand, Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF and Vanguard Specialized-Real Estate Index Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2023, the former fund manager was holding 12.36 million shares of worth $16.81 million or 5.16% of the total outstanding shares. The later fund manager was in possession of 10.12 million shares on Jul 30, 2023, making its stake of worth around $21.14 million in the company or a holder of 4.22% of company’s stock.

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