In the last trading session, 1.66 million shares of the Diversified Healthcare Trust (NASDAQ:DHC) were traded, and its beta was 2.22. Most recently the company’s share price was $3.83, and it changed around $0.09 or 2.41% from the last close, which brings the market valuation of the company to $921.38M. DHC currently trades at a discount to its 52-week high of $4.24, offering almost -10.7% off that amount. The share price’s 52-week low was $1.68, which indicates that the current value has risen by an impressive 56.14% since then. We note from Diversified Healthcare Trust’s average daily trading volume that its 10-day average is 1.18 million shares, with the 3-month average coming to 949.39K.
Diversified Healthcare Trust stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended DHC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Diversified Healthcare Trust is expected to report earnings per share of -0.26 for the current quarter.
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Diversified Healthcare Trust (NASDAQ:DHC) trade information
Instantly DHC has showed a green trend with a performance of 2.41% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.22 on recent trading dayincreased the stock’s daily price by 9.24%. The company’s shares are currently up 2.41% year-to-date, but still down -7.26% over the last five days. On the other hand, Diversified Healthcare Trust (NASDAQ:DHC) is 18.58% up in the 30-day period. We can see from the shorts that 7.67 million shares have been sold at a short interest cover period of 13.59 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 36.17% from its current value. Analyst projections state that DHC is forecast to be at a low of $6 and a high of $6.
Diversified Healthcare Trust (DHC) estimates and forecasts
Diversified Healthcare Trust share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 39.78 percent over the past six months and at a 17.65% annual growth rate that is well above the industry average of -3.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 13.30% in revenue this quarter, and will report an increase of 44.20% in the next quarter. The year-over-year growth rate is expected to be 7.20%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 379.15M in revenue for the current quarter. 2 analysts expect Diversified Healthcare Trust to make 390.31M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 8.00%.
DHC Dividends
Diversified Healthcare Trust’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 1.04 percent and its annual dividend per share was 0.04. It is important to note, however, that the 1.04% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.84 per year.
Diversified Healthcare Trust (NASDAQ:DHC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.26% of Diversified Healthcare Trust shares, and 74.76% of them are in the hands of institutional investors. The stock currently has a share float of 83.30%. Diversified Healthcare Trust stock is held by 263.0 institutions, with FLAT FOOTED LLC being the largest institutional investor. By 2024-06-30, it held 9.8193% of the shares, which is about 23.49 million shares worth $71.64 million.
VANGUARD GROUP INC, with 8.245% or 19.72 million shares worth $60.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
