Diversified Healthcare Trust (NASDAQ:DHC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Diversified Healthcare Trust received a “Moderate Buy” consensus rating from six analysts, with an average 12-month price target of $9.83. Ratings range from sell to strong buy.
• Institutional investors own approximately 75.98% of the company, with Bank of America increasing its stake by 90.4% and Bank of New York Mellon initiating a $22.1 million position.
• DHC reported quarterly revenue of $365.39 million and an adjusted loss of $0.16 per share, slightly missing analyst estimates. The company declared a quarterly dividend of $0.01 per share, equating to a 0.5% annual yield.

Shares of Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.8333.

Several research analysts have commented on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Maxim Group boosted their price objective on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Freedom Capital raised shares of Diversified Healthcare Trust to a "strong-buy" rating in a research report on Thursday, April 30th. Wall Street Zen raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Royal Bank Of Canada increased their price objective on shares of 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.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of Diversified Healthcare Trust in the second quarter valued at $22,101,000. Militia Capital Management LLC bought a new stake in Diversified Healthcare Trust during the first quarter valued at approximately $1,422,000. Western Wealth Management LLC purchased a new position in Diversified Healthcare Trust in the 1st quarter worth approximately $38,000. Bank of America Corp DE increased its holdings in shares of Diversified Healthcare Trust by 90.4% in the 1st 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 buying an additional 1,273,681 shares during the last quarter. Finally, Amundi bought a new position in shares of Diversified Healthcare Trust in the 1st quarter worth $847,000. Institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Price Performance

DHC stock opened at $8.82 on Monday. 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 stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -7.95 and a beta of 2.30. The business's fifty day moving average price is $8.99 and its two-hundred day moving average price is $7.78. Diversified Healthcare Trust has a fifty-two week low of $3.29 and a fifty-two week high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued 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). The business had revenue of $365.39 million during the quarter, compared to analyst estimates of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. On average, equities analysts anticipate that Diversified Healthcare Trust will post 0.6 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 20th. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -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.

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