Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Separately, Royal Bank of Canada raised their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $2.31 on Wednesday. The stock’s 50 day moving average is $2.32 and its 200 day moving average is $3.00. Diversified Healthcare Trust has a twelve month low of $2.01 and a twelve month high of $4.24. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The company had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period in the prior year, the company posted $0.03 earnings per share.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.73%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of Diversified Healthcare Trust in the second quarter worth approximately $74,000. Creative Planning grew its position in Diversified Healthcare Trust by 14.1% in the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 2,767 shares during the period. Metis Global Partners LLC raised its stake in Diversified Healthcare Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 6,603 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 16,456 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Diversified Healthcare Trust in the 3rd quarter worth $187,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

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.