Diversified Healthcare Trust (NASDAQ:DHC) Stock Rating Lowered by StockNews.com

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

Diversified Healthcare Trust Price Performance

Shares of DHC stock opened at $2.66 on Wednesday. Diversified Healthcare Trust has a twelve month low of $2.01 and a twelve month high of $4.24. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $2.36 and a two-hundred day simple moving average of $2.91. The stock has a market capitalization of $641.79 million, a price-to-earnings ratio of -1.65 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The company had revenue of $379.62 million during the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s payout ratio is -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of large investors have recently bought and sold shares of DHC. BlackBarn Capital Partners LP increased its holdings in shares of Diversified Healthcare Trust by 41.8% in the 4th quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust’s stock valued at $14,375,000 after acquiring an additional 1,841,503 shares during the period. RBF Capital LLC boosted its position in Diversified Healthcare Trust by 433.1% during the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after purchasing an additional 1,056,131 shares in the last quarter. Anson Funds Management LP purchased a new position in Diversified Healthcare Trust in the third quarter valued at about $2,995,000. Jacobs Levy Equity Management Inc. bought a new position in Diversified Healthcare Trust in the third quarter worth about $2,197,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter valued at about $990,000. 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.