Diversified Healthcare Trust (NASDAQ:DHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from a sell rating to a hold rating in a report issued on Saturday.

A number of other equities analysts also recently weighed in on DHC. Freedom Capital raised shares of Diversified Healthcare Trust to a “strong-buy” rating in a research note on Thursday, April 30th. B. Riley Financial lifted their price objective on Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Maxim Group boosted their target price on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Finally, Royal Bank Of Canada upped their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Stock Performance

Shares of DHC opened at $8.41 on Friday. The company has a market capitalization of $2.04 billion, a PE ratio of -7.58 and a beta of 2.30. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The company’s 50 day moving average price is $8.99 and its 200 day moving average price is $7.80. Diversified Healthcare Trust has a 52 week low of $3.35 and a 52 week high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $365.39 million during the quarter, compared to analysts’ expectations of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. Research analysts expect that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, July 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is -3.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Diversified Healthcare Trust by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 5,544 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Diversified Healthcare Trust by 158.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after buying an additional 2,370,459 shares in the last quarter. Strs Ohio bought a new position in Diversified Healthcare Trust during the first quarter valued at about $103,000. JPMorgan Chase & Co. lifted its position in shares of Diversified Healthcare Trust by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock worth $3,308,000 after buying an additional 84,572 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Diversified Healthcare Trust by 1.9% in the second quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock worth $1,391,000 after buying an additional 7,084 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.