Weiss Ratings Reaffirms "Sell (D-)" Rating for Diversified Healthcare Trust (NASDAQ:DHC)

Key Points

• Weiss Ratings has reaffirmed its "Sell (D-)" rating for Diversified Healthcare Trust (NASDAQ:DHC), indicating ongoing negative sentiment towards the stock.
• B. Riley has raised its price target for Diversified Healthcare Trust from $4.50 to $5.50 and assigned a "buy" rating, contrasting with the general consensus of "Reduce" and an average target price of $4.25 among analysts.
• Diversified Healthcare Trust's stock is currently trading at $4.25, with a mixed performance reflected in its 1-year range of $2.00 to $4.65 and a negative return on equity of 14.69%.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, B. Riley lifted their price objective on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a "buy" rating in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $4.25.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC traded down $0.08 during midday trading on Wednesday, reaching $4.25. 311,153 shares of the company were exchanged, compared to its average volume of 924,902. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.65. The stock has a fifty day simple moving average of $3.97 and a 200 day simple moving average of $3.34. The stock has a market cap of $1.03 billion, a P/E ratio of -3.57 and a beta of 2.65.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.The firm had revenue of $382.71 million for the quarter, compared to analyst estimates of $382.74 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $28,000. Chicago Partners Investment Group LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $34,000. Farther Finance Advisors LLC raised its holdings in Diversified Healthcare Trust by 169.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 6,387 shares during the last quarter. Brooklyn Investment Group raised its holdings in Diversified Healthcare Trust by 296.3% in the 1st quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 13,588 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $45,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.