Diversified Healthcare Trust (NASDAQ:DHC) Downgraded to Sell Rating by StockNews.com

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

Separately, Royal Bank of Canada upped their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $2.18 on Monday. The firm has a market capitalization of $525.98 million, a PE ratio of -1.35 and a beta of 2.17. Diversified Healthcare Trust has a one year low of $2.13 and a one year high of $4.24. The stock’s 50 day moving average price is $2.57 and its 200 day moving average price is $3.11. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The firm had revenue of $373.64 million for the quarter, compared to analyst estimates 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 firm posted $0.03 earnings per share. As a group, sell-side analysts expect that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.83%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of Diversified Healthcare Trust by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock worth $3,619,000 after acquiring an additional 324,787 shares in the last quarter. Barclays PLC boosted its holdings in Diversified Healthcare Trust by 310.2% in the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 245,405 shares during the period. Geode Capital Management LLC increased its stake in Diversified Healthcare Trust by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock valued at $23,751,000 after purchasing an additional 54,602 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Diversified Healthcare Trust by 26.0% during the third quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 86,353 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Diversified Healthcare Trust by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust’s stock worth $1,167,000 after buying an additional 18,800 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.