Diversified Healthcare Trust (NASDAQ:DHC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Diversified Healthcare Trust has a “Moderate Buy” consensus rating from six analysts, with an average 12-month price target of $9.83 versus a recent share price of $7.67.
• Recent analyst actions were mixed but generally improved: several firms raised price targets, including B. Riley to $11.00 and Maxim Group to $10.50, while Weiss Ratings maintained a sell rating.
• The REIT reported a quarterly loss of $0.16 per share, slightly worse than expectations, and revenue of $365.39 million below consensus. It also paid a quarterly dividend of $0.01, equivalent to a 0.5% annualized yield.

Shares of Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.8333.

Several research firms have commented on DHC. Weiss Ratings restated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Maxim Group lifted their price target on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Royal Bank Of Canada boosted their price objective on Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 18th. Wall Street Zen raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, B. Riley Financial raised their target price on Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $7.67 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.66 and a quick ratio of 4.67. The firm has a market capitalization of $1.86 billion, a PE ratio of -6.91 and a beta of 2.29. Diversified Healthcare Trust has a 1-year low of $3.66 and a 1-year high of $9.66. The business's fifty day moving average price is $8.70 and its two-hundred day moving average price is $8.05.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $365.39 million for the quarter, compared to the consensus estimate of $370.75 million. On average, research analysts expect that Diversified Healthcare Trust will post 0.6 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend yield of 0.5%. Diversified Healthcare Trust's dividend payout ratio is presently -3.60%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DHC. Summit Securities Group LLC acquired a new stake in Diversified Healthcare Trust in the first quarter worth about $31,000. KBC Group NV acquired a new position in Diversified Healthcare Trust during the 1st quarter valued at about $35,000. Western Wealth Management LLC acquired a new position in Diversified Healthcare Trust during the 1st quarter valued at about $38,000. CWM LLC raised its position in shares of Diversified Healthcare Trust by 174.5% during the 4th quarter. CWM LLC now owns 6,555 shares of the real estate investment trust's stock worth $32,000 after buying an additional 4,167 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth about $28,000. 75.98% of the stock is owned by institutional investors and hedge funds.

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.

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