Diversified Healthcare Trust (NASDAQ:DHC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from a sell rating to a hold rating in a research note published on Friday morning.

DHC has been the topic of several other research reports. B. Riley boosted their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, August 5th. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada upped their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Trading Up 3.0 %

NASDAQ DHC opened at $2.71 on Friday. Diversified Healthcare Trust has a 12 month low of $1.94 and a 12 month high of $4.24. The stock has a market capitalization of $653.84 million, a P/E ratio of -1.68 and a beta of 2.23. The firm’s 50-day moving average is $3.54 and its two-hundred day moving average is $3.14. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.63.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The company had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period in the previous year, the business posted $0.03 EPS. On average, sell-side analysts anticipate that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth about $187,000. Metis Global Partners LLC raised its holdings in Diversified Healthcare Trust by 38.8% during the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 6,603 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Diversified Healthcare Trust during the third quarter worth approximately $648,000. Asset Management One Co. Ltd. lifted its position in shares of Diversified Healthcare Trust by 2.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock worth $1,362,000 after buying an additional 8,879 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 16,456 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.