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Saturday, December 2, 2023

The Street Is Finally Waking Up To Diversified Healthcare Trust (NASDAQ: DHC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Diversified Healthcare Trust (DHC) shows that investor sentiment remained same, with the stock’s consolidated last price to $2.10. The Diversified Healthcare Trust has recorded 12,530 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Diversified Healthcare Trust Announces Third Quarter 2023 Results.

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Stocks Info

Diversified Healthcare Trust is listed on the NASDAQ as a member of the Real Estate sector and is a part of the REIT – Healthcare Facilities industry. At the end of the last regular session, the stock closed at $2.10 and fluctuated between $2.1900 as its day high and $2.0500 as its day low. The current market capitalization of Diversified Healthcare Trust is $504.94M. A total of 0.67 million shares were traded on the day, compared to an average of 1.40M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DHC has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 80,000 and the disposition of 22,925 shares. Over the last 12 months, there were 10 BUYs and 3 SELLs from insiders. Insiders purchased 240,000 shares during that period but sold 42,925.

In the most recent transaction, PORTNOY ADAM D. bought 2,000,000 shares of DHC for 3.07 per share on Jun 14. After the transaction, the Director now owns 23,250,019 company shares. In a previous transaction on Jun 13, PORTNOY ADAM D. bought 1,992,259 shares at 3.03 per share. DHC shares that Director owns now total 21,250,019.

Among the insiders who bought shares, PORTNOY ADAM D. acquired of 2,011,256 shares on Jun 12 at a per-share price of $2.87. This resulted in the Director holding 19,257,760 shares of DHC after the transaction. In another insider transaction, PORTNOY ADAM D. bought 1,905,200 shares at $2.59 per share on Jun 09. Company shares held by the Director now total 17,246,504.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. DHC’s most recent ex-dividend date was 10/20/2023 when it declared a $0.01 quarterly dividend that was paid in cash on 11/16/2023. Previously, the company paid the dividend on 8/17/2023 with an ex-dividend date of 7/21/2023. The DHC stock dividend was $0.01 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DHC in the last 3 months, the mean price target is $4.50 with high estimates of $4.50 and low estimates of $4.50. In terms of 52-week highs and lows, DHC has a high of $3.30 and a low of $0.61.

As of this writing, DHC has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$0.22 in the last quarter, which was 4.30% higher than expectations of -$0.23.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DHC’s latest balance sheet shows that the firm has $634.85M in Cash & Short Term Investments as of fiscal 2021. There were $3.68B in debt and $829.85M in liabilities at the time. Its Book Value Per Share was $10.15, while its Total Shareholder’s Equity was $2.66B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DHC is Buy with a score of 3.50.

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