Diversified Healthcare Trust (NASDAQ:DHC) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Diversified Healthcare Trust (NASDAQ:DHC) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.83.

Several brokerages recently issued reports on DHC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Royal Bank Of Canada raised their price objective on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Finally, B. Riley Financial upped their target price on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th.

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $7.73 on Tuesday. Diversified Healthcare Trust has a 12-month low of $3.92 and a 12-month high of $9.66. The business’s fifty day moving average is $8.13 and its 200 day moving average is $8.19. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1.87 billion, a P/E ratio of -6.96 and a beta of 2.29.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $365.39 million for the quarter, compared to the consensus estimate of $370.75 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. Sell-side analysts anticipate that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -3.60%.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds have recently bought and sold shares of DHC. Arini Captial Management Ltd bought a new position in shares of Diversified Healthcare Trust in the fourth quarter worth $14,400,000. Bank of New York Mellon Corp purchased a new stake in Diversified Healthcare Trust during the 2nd quarter worth about $22,101,000. Centersquare Investment Management LLC lifted its holdings in Diversified Healthcare Trust by 123.1% during the 4th quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock worth $15,661,000 after purchasing an additional 1,781,839 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Diversified Healthcare Trust by 90.4% in the first quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock worth $17,810,000 after buying an additional 1,273,681 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Diversified Healthcare Trust by 231.8% in the second quarter. Allianz Asset Management GmbH now owns 1,767,596 shares of the real estate investment trust’s stock valued at $16,439,000 after acquiring an additional 1,234,822 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.

The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.

Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.