StockNews.com Upgrades Diversified Healthcare Trust (NASDAQ:DHC) to “Hold”

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

Separately, Royal Bank of Canada increased their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, October 14th.

Diversified Healthcare Trust Stock Down 3.3 %

DHC opened at $2.31 on Wednesday. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24. The firm’s 50 day simple moving average is $2.32 and its two-hundred day simple moving average is $3.00. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last announced 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). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The company had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. During the same period in the prior year, the business posted $0.03 earnings per share.

Diversified Healthcare Trust Dividend Announcement

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

Hedge Funds Weigh In On Diversified Healthcare Trust

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

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.