Diversified Healthcare Trust (NASDAQ:DHC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Diversified Healthcare Trust from “sell” to “hold,” while other analysts’ views ranged from “strong buy” to “sell.” MarketBeat reported a consensus “Moderate Buy” rating and an average price target of $9.83.
• DHC shares opened at $8.82, with a market capitalization of approximately $2.14 billion and a 52-week range of $3.29 to $9.66. The stock’s beta was 2.30, indicating relatively high volatility.
• The REIT reported quarterly revenue of $365.39 million and adjusted earnings per share of negative $0.16, slightly missing estimates. Institutional investors owned approximately 75.98% of the company’s stock.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other brokerages also recently issued reports on DHC. Weiss Ratings reiterated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of 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. Freedom Capital upgraded shares of Diversified Healthcare Trust to a "strong-buy" rating in a research report on Thursday, April 30th. Maxim Group upped their target price on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Finally, B. Riley Financial increased their price target on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.83.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock opened at $8.82 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.66 and a quick ratio of 5.36. The company has a market capitalization of $2.14 billion, a PE ratio of -7.95 and a beta of 2.30. Diversified Healthcare Trust has a one year low of $3.29 and a one year high of $9.66. The business has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $7.77.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million. On average, sell-side analysts forecast that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several large investors have recently made changes to their positions in DHC. Bank of New York Mellon Corp acquired a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $22,101,000. Militia Capital Management LLC acquired a new position in shares of Diversified Healthcare Trust during the first quarter worth about $1,422,000. Western Wealth Management LLC bought a new position in shares of Diversified Healthcare Trust during the first quarter worth about $38,000. Bank of America Corp DE grew 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 buying an additional 1,273,681 shares in the last quarter. Finally, Amundi bought a new position in shares of Diversified Healthcare Trust during the first quarter worth about $847,000. Institutional investors own 75.98% of the company's stock.

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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