Diversified Healthcare Trust (NASDAQ:DHC) Stock Rating Upgraded by Wall Street Zen

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also issued research reports about the company. Maxim Group lifted their target price on Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada raised their price objective on Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Friday, July 17th. B. Riley Financial boosted their target price on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, Freedom Capital raised shares of Diversified Healthcare Trust to a “strong-buy” rating in a report on Thursday, April 30th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.83.

Diversified Healthcare Trust Stock Performance

DHC opened at $8.82 on Friday. The stock has a market capitalization of $2.14 billion, a PE ratio of -7.95 and a beta of 2.30. The firm’s fifty day moving average price is $8.99 and its 200 day moving average price is $7.78. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.66 and a quick ratio of 4.67. Diversified Healthcare Trust has a 12-month low of $3.29 and a 12-month high of $9.66.

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

Institutional Investors Weigh In On Diversified Healthcare Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth about $22,101,000. Militia Capital Management LLC bought a new stake in Diversified Healthcare Trust during the first quarter worth approximately $1,422,000. Western Wealth Management LLC acquired a new stake in Diversified Healthcare Trust in the first quarter worth approximately $38,000. Bank of America Corp DE lifted its position in Diversified Healthcare Trust by 90.4% in the first quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock worth $17,810,000 after purchasing an additional 1,273,681 shares during the period. Finally, Amundi bought a new position in Diversified Healthcare Trust during the 1st quarter valued at $847,000. 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.