The Vanguard Group, Inc. recently announced the acquisition of new stake in Diversified Healthcare Trust (NASDAQ:DHC). The institutional investor has increased its shareholding in the Real Estate company by 4.22% to 37.71 million shares with purchase of 1.53 million shares. This fresh investment now brings its stake to 15.85% valued currently at $146.88 million. In addition, BlackRock Fund Advisors raised its holdings by 4.01 million to 33.12 million shares. And Geode Capital Management LLC has lifted its position by 0.07% or 3256.0 shares – to 4.97 million shares.
With over 2.14 million Diversified Healthcare Trust (DHC) shares trading Monday and a closing price of $3.80 on the day, the dollar volume was approximately $8.13 million. The shares have shown a negative weekly performance of -5.00% and its price on 08/31/20 lost nearly -2.69%. Currently, there are 237.70M common shares owned by the public and among those 234.95M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for DHC have a consensus price objective of $3.90. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $2.75 should the stock experience a downside. Incidentally, analysts’ outlook for the Diversified Healthcare Trust stock is 3.10 for the next 12 months. The average price target is 2.56% above its last price level and an upside to the estimated low will see the stock lose -38.18% over that period. But an upside of 45.71% will see the stock hit the forecast high price target while mean target price for the stock is $3.00.
Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 115,000 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 18,227 shares.
The top 3 mutual fund holders in Diversified Healthcare Trust are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 13.88 million shares of the company’s stock, all valued at over $54.07 million. The company bought an additional 0.43 million shares recently to bring their total holdings to about 5.84% of the shares outstanding. Vanguard Real Estate Index Fund sold 57561.0 shares to see its total holdings shrink to 10.58 million shares valued at over $41.23 million and representing 4.45% of the shares outstanding. Vanguard Total Stock Market Index sold 5944.0 shares to bring its total holdings to over 6.66 million shares at a value of $25.95 million. Vanguard Total Stock Market Index now owns shares totaling to 2.80% of the shares outstanding.
Shares of Diversified Healthcare Trust (NASDAQ: DHC) opened at $3.88, down -$0.02 from a prior closing price of $3.90. However, the script later closed the day at $3.80, down -2.69%. The company’s stock has a 5-day price change of -5.00% and -2.06% over the past three months. DHC shares are trading -53.33% year to date (YTD), with the 12-month market performance down to -53.60% lower. It has a 12-month low price of $2.00 and touched a high of $9.85 over the same period. Currently, 2.14 million shares have been traded, compared to an average intraday trading volume of 2.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.32%, -5.81%, and -26.94% respectively.
Institutional ownership of Diversified Healthcare Trust (NASDAQ: DHC) shares accounts for 78.90% of the company’s 237.70M shares outstanding. Mutual fund holders own 28.70%, while other institutional holders and individual stakeholders account for 48.96% and 0.17% respectively.
It has a market capitalization of $911.13M and a beta (3y monthly) value of 0.85. The earnings-per-share (ttm) stands at -$0.41. The company has a debt-to-equity ratio at 1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.22% over the week and 6.70% over the month.
Analysts forecast that Diversified Healthcare Trust (DHC) will achieve an EPS of -$0.15 for the current quarter, -$0.16 for the next quarter and -$0.51 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -130.70%, and -34.60% over the next financial year. EPS should grow at an annualized rate of 3.20% over the next five years, compared to -19.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Diversified Healthcare Trust (DHC) as a “Hold” at a consensus score of 3.10. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the DHC, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Perform rating for the stock in a research note on June 08, 2020, with the firm’s price target at. Wells Fargo coverage for the Diversified Healthcare Trust (DHC) stock in a research note released on January 17, 2020 offered a Equal Weight rating with a price target of $9.