In the last trading session, 1.1 million Diversified Healthcare Trust (NASDAQ:DHC) shares changed hands as the company’s beta touched 2.21. With the company’s per share price at $4.13 changed hands at -$0.06 or -1.43% during last session, the market valuation stood at $993.55M. DHC’s last price was a discount, traded about -2.66% off its 52-week high of $4.24. The share price had its 52-week low at $1.68, which suggests the last value was 59.32% up since then. When we look at Diversified Healthcare Trust’s average trading volume, we note the 10-day average is 1.81 million shares, with the 3-month average coming to 946.38K.
Analysts gave the Diversified Healthcare Trust (DHC) stock a consensus recommendation rating of Strong Sell, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended DHC as a Hold, 0 felt it is a Buy and 1 rated the stock as Underweight. Diversified Healthcare Trust’s EPS for the current quarter is expected to be -0.26.
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Diversified Healthcare Trust (NASDAQ:DHC) trade information
Instantly DHC was in red as seen at the end of in last trading. With action 3.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 10.43%, with the 5-day performance at 3.25% in the green. However, in the 30-day time frame, Diversified Healthcare Trust (NASDAQ:DHC) is 18.68% up. Looking at the short shares, we see there were 7.67 million shares sold at short interest cover period of 13.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 31.17% from its current market value. According to analyst projections, DHC’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -45.28% plunge from its current level, while the stock would need to soar -45.28% for it to hit the projected low.
Diversified Healthcare Trust (DHC) estimates and forecasts
Data shows that the Diversified Healthcare Trust share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 79.57% over the past 6 months, a 17.65% in annual growth rate that is considerably higher than the industry average of -3.30%. Year-over-year growth is forecast to reach 7.20% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 379.15M. 2 analysts are of the opinion that Diversified Healthcare Trust’s revenue for the current quarter will be 390.31M. The estimates for the next quarter sales put growth at 8.00%.
DHC Dividends
Diversified Healthcare Trust is expected to release its next quarterly earnings report in November. The 0.97% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 0.97% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.84 per year.
Diversified Healthcare Trust (NASDAQ:DHC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.27% of Diversified Healthcare Trust shares while 74.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.30%. There are 74.74% institutions holding the Diversified Healthcare Trust stock share, with FLAT FOOTED LLC the top institutional holder. As of 2024-06-30, the company held 9.8193% of the shares, roughly 23.49 million DHC shares worth $71.64 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.245% or 19.72 million shares worth $60.15 million as of 2024-06-30.
