Diversified Healthcare Trust (NASDAQ:DHC) shares, rose in value on Friday, November 22, with the stock price down by -1.23% to the previous day’s close as strong demand from buyers drove the stock to $2.41.
Actively observing the price movement in the last trading, the stock closed the session at $2.44, falling within a range of $2.4 and $2.45. The value of beta (5-year monthly) was 2.231. Referring to stock’s 52-week performance, its high was $4.24, and the low was $1.97. On the whole, DHC has fluctuated by -30.35% over the past month.
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With the market capitalization of Diversified Healthcare Trust currently standing at about $581.47 million, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 1.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.49B, with a low estimate of 367.64M and a high estimate of 371.04M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 369.34M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DHC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of DHC currently trading nearly -15.92% and -28.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.56, while the 7-day volatility ratio is showing 3.39% which for the 30-day chart, stands at 6.14%. Furthermore, Diversified Healthcare Trust (DHC)’s beta value is 2.20, and its average true range (ATR) is 0.16.
A comparison of Diversified Healthcare Trust (DHC) with its peers suggests the former has fared considerably weaker in the market. DHC showed an intraday change of -1.23% in last session, and over the past year, it grew by 17.56%%.
Data on historical trading for Diversified Healthcare Trust (NASDAQ:DHC) indicates that the trading volumes over the past 10 days have averaged 0.94 and over the past 3 months, they’ve averaged 1.07 million. According to company’s latest data on outstanding shares, there are 240.42 million shares outstanding.
Nearly 10.46% of Diversified Healthcare Trust’s shares belong to company insiders and institutional investors own 74.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.4 million shares as on 2024-10-31, resulting in a short ratio of 6.61. According to the data, the short interest in Diversified Healthcare Trust (DHC) stood at 294.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.71 million. The stock has fallen by -35.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DHC stock heading into the next quarter.
