On 04 March 2020, Diversified Healthcare Trust (NASDAQ: DHC) stock identified change of 2.42% away from 52-week low price and recently located move of -81.99% off 52-week high price. It has market worth of $690.38M and dividend yield of 28.30%. DHC stock has been recorded -70.56% away from 50 day moving average and -73.27% away from 200 day moving average. Moving closer, we can see that shares have been trading -64.61% off 20-day moving average.
Diversified Healthcare Trust (DHC) recently reported its financial results for the quarter and year ended December 31, 2019.
“We achieved several planned milestones at the end of 2019, including the closing of the transformative restructuring of our business arrangements with Five Star Senior Living Inc., rebranding ourselves as Diversified Healthcare Trust to more accurately represent our current portfolio and business strategy and continuing to reposition and optimize our portfolio through our disposition efforts,” stated Jennifer Francis, President and Chief Operating Officer of Diversified Healthcare Trust. “With the disruption associated with the Five Star restructuring transaction behind us, in 2020 we will remain focused on our core competencies in order to increase shareholder value, including through asset management, the continued execution of our redevelopment plans and disciplined capital recycling strategy in order to further refine our high-quality portfolio.”
Results for the Quarter Ended December 31, 2019:
Net loss attributable to ordinary shareholders was $51.7M, or $0.22 per share, for the quarter ended December 31, 2019 contrast to net loss attributable to ordinary shareholders of $118.5M, or $0.50 per share, for the quarter ended December 31, 2018. The net loss attributable to ordinary shareholders for the quarter ended December 31, 2019 primarily resulted from $73.7M of impairment charges during the quarter ended December 31, 2019.
Normalized funds from operations attributable to ordinary shareholders, or Normalized FFO attributable to ordinary shareholders, were $70.8M and $65.1M, or $0.30 and $0.27 per share, for the quarters ended December 31, 2019 and 2018, respectively. Normalized FFO attributable to ordinary shareholders increased primarily as a result of no business management incentive fees recognized for the quarter ended December 31, 2019 contrast to $40.6M of business management incentive fees recognized for the quarter ended December 31, 2018, partially offset by a decrease in rental income of $31.5M during the quarter ended December 31, 2019 contrast to the quarter ended December 31, 2018. The decrease in rental income was primarily the result of the reduction in rent paid to DHC by Five Star during the three months ended December 31, 2019 pursuant to the transaction contract that was entered into in April 2019 for the Restructuring Transaction, or the Transaction Contract, as well as dispositions since October 1, 2018.
Diversified Healthcare Trust noticed change of -12.76% to $2.12 along volume of 2805007 shares in recent session compared to an average volume of 1844.12K. The stock observed return of -55.37% in 5 days trading activity. DHC’s shares are at -70.52% for the quarter and driving a -81.30% return over the course of the past year and is now at -73.96% since this point in 2018. The average volatility for the week at 25.72% and for month was at 11.66%.