In the last trading session, 1.16 million shares of the Diversified Healthcare Trust (NASDAQ:DHC) were traded, and its beta was 2.17. Most recently the company’s share price was $2.63, and it changed around -$0.01 or -0.38% from the last close, which brings the market valuation of the company to $634.56M. DHC currently trades at a discount to its 52-week high of $4.24, offering almost -61.22% off that amount. The share price’s 52-week low was $2.01, which indicates that the current value has risen by an impressive 23.57% since then. We note from Diversified Healthcare Trust’s average daily trading volume that its 10-day average is 1.14 million shares, with the 3-month average coming to 1.05 million.
Diversified Healthcare Trust stock received a consensus recommendation rating of Hold, based on a mean score of 4.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended DHC as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight.
Diversified Healthcare Trust (NASDAQ:DHC) trade information
Instantly DHC has showed a red trend with a performance of -0.38% at the end of last trading. The rise to weekly highs of 2.78 on recent trading dayincreased the stock’s daily price by 5.4%. On the other hand, Diversified Healthcare Trust (NASDAQ:DHC) is 26.44% up in the 30-day period. We can see from the shorts that 6.81 million shares have been sold at a short interest cover period of 6.86 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 47.4% from its current value. Analyst projections state that DHC is forecast to be at a low of $5 and a high of $5.
DHC Dividends
Diversified Healthcare Trust’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 1.52 percent and its annual dividend per share was 0.04. It is important to note, however, that the 1.52% 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 3.31 per year.
Diversified Healthcare Trust (NASDAQ:DHC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.23% of Diversified Healthcare Trust shares, and 75.28% of them are in the hands of institutional investors. The stock currently has a share float of 83.86%. Diversified Healthcare Trust stock is held by 275.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Specialized-Real Estate Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 6.81 shares worth $17.92 million, making up 2.82% of all outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held roughly 6.65 shares worth around $17.48 million, which represents about 2.76% of the total shares outstanding.
