Diversified Healthcare Trust (NASDAQ:DHC) Now Covered by Analysts at Freedom Broker

Key Points

• Freedom Broker initiated coverage of Diversified Healthcare Trust with a “strong-buy” rating. Analysts overall have a “Moderate Buy” consensus and an average price target of $9.83.
• DHC missed quarterly expectations, reporting a loss of $0.21 per share versus the $0.15 loss analysts expected, with revenue of $367.67 million compared with a $370.87 million estimate.
• The stock opened at $7.03; it has a 52-week range of $4.23 to $9.66, and institutional investors own about 76% of its shares.

Stock analysts at Freedom Broker began coverage on shares of Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) in a research note issued to investors on Tuesday, Zacks reports. The firm set a "strong-buy" rating on the real estate investment trust's stock.

DHC has been the subject of a number of other reports. 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. Weiss Ratings restated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Diversified Healthcare Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.83.

Diversified Healthcare Trust Price Performance

DHC opened at $7.03 on Tuesday. The business has a fifty day moving average of $7.72 and a 200 day moving average of $7.79. Diversified Healthcare Trust has a 52-week low of $4.23 and a 52-week high of $9.66. The company has a quick ratio of 4.67, a current ratio of 5.32 and a debt-to-equity ratio of 1.57. The stock has a market cap of $1.70 billion, a P/E ratio of 14.17 and a beta of 2.34.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Diversified Healthcare Trust had a negative net margin of 10.29% and a negative return on equity of 9.51%. The business had revenue of $367.67 million during the quarter, compared to the consensus estimate of $370.87 million. As a group, sell-side analysts anticipate that Diversified Healthcare Trust will post 0.49 EPS for the current year.

Institutional Trading of Diversified Healthcare Trust

Large investors have recently modified their holdings of the company. Ethic Inc. grew its position in shares of Diversified Healthcare Trust by 9.3% during the 3rd quarter. Ethic Inc. now owns 30,720 shares of the real estate investment trust's stock worth $241,000 after buying an additional 2,613 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Diversified Healthcare Trust in the third quarter valued at about $8,633,000. Victory Financial Group LLC bought a new stake in shares of Diversified Healthcare Trust in the third quarter valued at about $660,000. Asset Management One Co. Ltd. bought a new stake in shares of Diversified Healthcare Trust in the third quarter valued at about $2,338,000. Finally, Signaturefd LLC purchased a new stake in Diversified Healthcare Trust in the third quarter worth about $63,000. Hedge funds and other institutional investors own 75.98% of the company's stock.

About Diversified Healthcare Trust

Diversified Healthcare Trust NASDAQ: DHC is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.

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