Freedom Capital Upgrades Diversified Healthcare Trust (NASDAQ:DHC) to “Strong-Buy”

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on DHC. Maxim Group initiated coverage on shares of Diversified Healthcare Trust in a research report on Monday, April 27th. They issued a “buy” rating and a $9.50 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Monday, April 20th. Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Finally, B. Riley Financial raised their price target on shares of Diversified Healthcare Trust from $6.50 to $8.50 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Diversified Healthcare Trust currently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Diversified Healthcare Trust Stock Up 4.0%

NASDAQ:DHC traded up $0.30 during trading hours on Thursday, hitting $7.84. The stock had a trading volume of 2,227,417 shares, compared to its average volume of 1,294,685. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.15 and a 1-year high of $7.88. The business has a 50 day simple moving average of $7.06 and a two-hundred day simple moving average of $5.75. The company has a market cap of $1.90 billion, a PE ratio of -6.59 and a beta of 2.35.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.21). Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%. The firm had revenue of $379.57 million during the quarter, compared to analyst estimates of $392.89 million. Analysts predict that Diversified Healthcare Trust will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Diversified Healthcare Trust by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 19,768,282 shares of the real estate investment trust’s stock worth $95,876,000 after purchasing an additional 205,285 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Diversified Healthcare Trust by 13.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,108,830 shares of the real estate investment trust’s stock worth $24,778,000 after purchasing an additional 619,750 shares during the last quarter. Carronade Capital Management LP lifted its stake in Diversified Healthcare Trust by 4.4% during the fourth quarter. Carronade Capital Management LP now owns 4,763,537 shares of the real estate investment trust’s stock worth $23,103,000 after purchasing an additional 201,789 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 worth $9,270,000 after purchasing an additional 2,370,459 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in Diversified Healthcare Trust by 123.1% during the fourth quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock worth $15,661,000 after purchasing an additional 1,781,839 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.

About Diversified Healthcare Trust

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.