Diversified Healthcare Trust (NASDAQ:DHC) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Diversified Healthcare Trust (NASDAQ:DHC) has been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.83.

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. B. Riley Financial increased their price objective on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Royal Bank Of Canada raised their target price 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. Finally, Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Carronade Capital Management LP boosted its position in Diversified Healthcare Trust by 10.6% during the 1st quarter. Carronade Capital Management LP now owns 5,268,435 shares of the real estate investment trust’s stock valued at $34,982,000 after buying an additional 504,898 shares during the period. Centersquare Investment Management LLC raised its stake in shares of 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 valued at $15,661,000 after acquiring an additional 1,781,839 shares during the last quarter. Arini Captial Management Ltd purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth about $14,400,000. Bank of America Corp DE boosted its holdings in shares of Diversified Healthcare Trust by 90.4% during 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, Dimensional Fund Advisors LP boosted its holdings in shares of Diversified Healthcare Trust by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,399,804 shares of the real estate investment trust’s stock worth $15,935,000 after purchasing an additional 138,708 shares during the period. 75.98% of the stock is owned by institutional investors.

Diversified Healthcare Trust Stock Performance

NASDAQ DHC opened at $7.54 on Tuesday. The company’s 50 day moving average is $8.09 and its 200-day moving average is $8.19. Diversified Healthcare Trust has a 12-month low of $3.92 and a 12-month high of $9.66. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. The firm has a market cap of $1.83 billion, a P/E ratio of -6.79 and a beta of 2.29.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS 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 during the quarter, compared to the consensus estimate of $370.75 million. Sell-side analysts predict that Diversified Healthcare Trust will post 0.6 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 annualized dividend and a yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is currently -3.60%.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.

The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.

Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.