Diversified Healthcare Trust (NASDAQ:DHC) Downgraded by StockNews.com to Sell

Diversified Healthcare Trust (NASDAQ:DHC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

DHC has been the subject of a number of other research reports. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. B. Riley increased their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Diversified Healthcare Trust Stock Performance

NASDAQ DHC opened at $3.48 on Friday. The stock has a market cap of $837.18 million, a P/E ratio of -2.54 and a beta of 2.20. The company’s fifty day simple moving average is $3.22 and its 200-day simple moving average is $2.82. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36. Diversified Healthcare Trust has a 52 week low of $1.68 and a 52 week high of $3.96.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The firm had revenue of $371.39 million during the quarter, compared to analyst estimates of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities research analysts predict that Diversified Healthcare Trust will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently made changes to their positions in DHC. Algert Global LLC boosted its holdings in Diversified Healthcare Trust by 3.0% in the second quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 8,878 shares during the period. Deerfield Management Company L.P. Series C lifted its position in shares of Diversified Healthcare Trust by 4.8% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 4,055 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Diversified Healthcare Trust by 128.3% during the 2nd quarter. AQR Capital Management LLC now owns 166,215 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 93,421 shares during the last quarter. BlackBarn Capital Partners LP raised its stake in Diversified Healthcare Trust by 128.6% during the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after acquiring an additional 2,250,000 shares during the period. Finally, XTX Topco Ltd bought a new position in Diversified Healthcare Trust in the second quarter worth about $74,000. 75.98% of the stock is owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.