Analysts Set Diversified Healthcare Trust (NASDAQ:DHC) PT at $9.83

Shares of Diversified Healthcare Trust (NASDAQ:DHC) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.8333.

A number of brokerages have recently weighed in on DHC. Maxim Group increased their price target 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. Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped 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 research report on Friday, July 17th. Finally, Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Trading of Diversified Healthcare Trust

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Diversified Healthcare Trust during the 2nd quarter valued at about $28,000. Summit Securities Group LLC bought a new stake in shares of Diversified Healthcare Trust during the first quarter valued at approximately $31,000. CWM LLC raised its holdings in shares of Diversified Healthcare Trust by 174.5% during the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 4,167 shares during the last quarter. KBC Group NV acquired a new position in shares of Diversified Healthcare Trust during the first quarter worth approximately $35,000. Finally, Western Wealth Management LLC acquired a new position in shares of Diversified Healthcare Trust during the first quarter worth approximately $38,000. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Trading Up 2.1%

NASDAQ DHC opened at $8.33 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. Diversified Healthcare Trust has a one year low of $3.37 and a one year high of $9.66. The company has a 50-day simple moving average of $8.98 and a 200-day simple moving average of $7.84. The firm has a market capitalization of $2.02 billion, a PE ratio of -7.50 and a beta of 2.30.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%.The business had revenue of $365.39 million for the quarter, compared to analyst estimates of $370.75 million. On average, equities analysts forecast that Diversified Healthcare Trust will post 0.6 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be given 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 currently -3.60%.

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.