Diversified Healthcare Trust (NASDAQ:DHC) Upgraded at Freedom Capital

Key Points

• Freedom Capital upgraded Diversified Healthcare Trust (DHC) to a strong-buy; overall analyst mix is mixed but MarketBeat's consensus is a Moderate Buy with an average price target of $8.00 (recent targets range roughly $6.00–$9.50).
• Shares opened at $7.84, trading near a 52-week high of $7.88 with a $1.90 billion market cap and 50-/200-day moving averages of $7.06/$5.75, reflecting a recovery from a 52-week low of $2.15.
• The most recent quarter missed estimates—EPS ($0.09) vs. $0.12 expected and revenue $379.6M vs. $392.9M—leaving a negative net margin (18.6%) and negative ROE (15.98%), while analysts forecast 0.57 EPS for the current fiscal year; institutional investors own about 76% of the stock.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) was upgraded by research analysts at Freedom Capital to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

DHC has been the topic of a number of other research reports. Royal Bank Of Canada lifted their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Zacks Research raised Diversified Healthcare Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research note on Monday, April 20th. B. Riley Financial lifted their price objective on Diversified Healthcare Trust from $6.50 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Finally, Maxim Group began coverage on shares of Diversified Healthcare Trust in a report on Monday, April 27th. They issued a "buy" rating and a $9.50 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.00.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC opened at $7.84 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market cap of $1.90 billion, a P/E ratio of -6.59 and a beta of 2.35. The firm's fifty day moving average is $7.06 and its two-hundred day moving average is $5.75. Diversified Healthcare Trust has a 52-week low of $2.15 and a 52-week high of $7.88.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.21). The company had revenue of $379.57 million during the quarter, compared to the consensus estimate of $392.89 million. Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%. As a group, analysts anticipate that Diversified Healthcare Trust will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several large investors have recently modified their holdings of the stock. Metis Global Partners LLC increased its position in shares of Diversified Healthcare Trust by 5.3% during the 4th quarter. Metis Global Partners LLC now owns 51,564 shares of the real estate investment trust's stock valued at $250,000 after purchasing an additional 2,595 shares during the last quarter. ProShare Advisors LLC grew its holdings in Diversified Healthcare Trust by 7.0% during the 4th quarter. ProShare Advisors LLC now owns 40,167 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 2,616 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Diversified Healthcare Trust by 24.1% during the 4th quarter. Corient Private Wealth LLC now owns 15,664 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 3,043 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Diversified Healthcare Trust by 20.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Diversified Healthcare Trust by 4.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 82,348 shares of the real estate investment trust's stock valued at $399,000 after purchasing an additional 3,803 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.