DHC - Watch for Continued Gains in Shares of Diversified Healthcare Trust (DHC)

Diversified Healthcare Trust (NASDAQ:DHC) traded at a new 52-week high today of $8.92. Approximately 43.6 million shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Diversified Healthcare Trust (NASDAQ:DHC) defies analysts with a current price ($2.85) 2.5% above its average consensus price target of $2.77.

In the past 52 weeks, shares of Diversified Healthcare Trust have traded between the current low of $2.00 and a high of $4.77 and is now at $2.85.

Diversified Healthcare Trust is a real estate investment trust that focuses on healthcare-related properties, including life science estates, medical offices, and senior living communities. It acquires and owns properties and is engaged in the development and implementation of medical services and technologies. It operates through two segments: its office portfolio and its senior housing operating portfolio. The office portfolio includes medical office properties leased to medical-related businesses and life sciences properties. The SHOP segment runs communities that offer multiple types of residential care, ranging from independent living to nursing services. DHT operates across the United States and the majority of its revenue derives from rents and medical programs.

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