In last trading session, Diversified Healthcare Trust (NASDAQ:DHC) saw 1.96 million shares changing hands with its beta currently measuring 2.23. Company’s recent per share price level of $2.68 trading at -$0.2 or -6.78% at ring of the bell on the day assigns it a market valuation of $646.62M. That closing price of DHC’s stock is at a discount of -58.21% from its 52-week high price of $4.24 and is indicating a premium of 27.61% from its 52-week low price of $1.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.46 million shares which gives us an average trading volume of 996.13K if we extend that period to 3-months.
For Diversified Healthcare Trust (DHC), analysts’ consensus is at an average recommendation of Strong Sell while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
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Diversified Healthcare Trust (NASDAQ:DHC) trade information
Upright in the red during last session for losing -6.78%, in the last five days DHC remained trading in the red while hitting it’s week-highest on Friday, 11/01/24 when the stock touched $2.68 price level, adding 26.78% to its value on the day. Diversified Healthcare Trust’s shares saw a change of -28.34% in year-to-date performance and have moved -24.93% in past 5-day. Diversified Healthcare Trust (NASDAQ:DHC) showed a performance of -28.91% in past 30-days. Number of shares sold short was 6.58 million shares which calculate 4.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 46.4% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -86.57% in reaching the projected high whereas dropping to the targeted low would mean a loss of -86.57% for stock’s current value.
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 added 15.52% of value to its shares in past 6 months, showing an annual growth rate of 17.65% while that of industry is -2.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 6.70% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 380.17M for the same. And 3 analysts are in estimates of company making revenue of 383.35M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -30.36% 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 in December 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. With an annual yield of 1.49%, the share has a forward dividend of 0.04 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.72%.
Diversified Healthcare Trust (NASDAQ:DHC)’s Major holders
Insiders are in possession of 10.23% of company’s total shares while institution are holding 74.20 percent of that, with stock having share float percentage of 82.66%. Investors also watch the number of corporate investors in a company very closely, which is 74.20% institutions for Diversified Healthcare Trust that are currently holding shares of the company. FLAT FOOTED LLC is the top institutional holder at DHC for having 23.49 million shares of worth $71.64 million. And as of 2024-06-30, it was holding 9.8193 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 19.72 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.245 of outstanding shares, having a total worth of $60.15 million.
