Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to “Hold” at StockNews.com

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

Several other research firms have also commented on DHC. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Royal Bank of Canada lifted their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Finally, B. Riley increased their target price on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, August 5th.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $2.71 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.63. The firm has a market capitalization of $653.84 million, a P/E ratio of -1.68 and a beta of 2.23. Diversified Healthcare Trust has a 1-year low of $1.94 and a 1-year high of $4.24. The company’s 50-day moving average is $3.54 and its 200 day moving average is $3.14.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results 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 business had revenue of $373.64 million during 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 quarter in the previous year, the business earned $0.03 EPS. Research analysts forecast that Diversified Healthcare Trust will post 0.05 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of hedge funds have recently bought and sold shares of DHC. BlackBarn Capital Partners LP grew its position in shares of Diversified Healthcare Trust by 128.6% in the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock valued at $12,200,000 after purchasing an additional 2,250,000 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Diversified Healthcare Trust by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock valued at $3,612,000 after acquiring an additional 40,939 shares in the last quarter. Beryl Capital Management LLC boosted its stake in shares of Diversified Healthcare Trust by 23.3% in the first quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust’s stock worth $2,469,000 after acquiring an additional 189,815 shares during the last quarter. Garner Asset Management Corp increased its position in shares of Diversified Healthcare Trust by 2.7% during the first quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 12,103 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in Diversified Healthcare Trust by 3.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock valued at $1,217,000 after purchasing an additional 12,769 shares in 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.