Freedom Broker Begins Coverage on Diversified Healthcare Trust (NASDAQ:DHC)

Equities research analysts at Freedom Broker began coverage on shares of Diversified Healthcare Trust (NASDAQ:DHC) in a report released on Tuesday, Zacks reports. The brokerage set a “strong-buy” rating on the real estate investment trust’s stock.

Several other brokerages have also recently commented on DHC. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Diversified Healthcare Trust has an average rating of “Moderate Buy” and a consensus target price of $9.83.

Diversified Healthcare Trust Trading Down 4.6%

NASDAQ DHC opened at $7.03 on Tuesday. Diversified Healthcare Trust has a 52 week low of $4.23 and a 52 week high of $9.66. The company has a debt-to-equity ratio of 1.57, a quick ratio of 4.67 and a current ratio of 5.32. The stock’s 50 day moving average price is $7.72 and its two-hundred day moving average price is $7.79. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -10.98 and a beta of 2.34.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). Diversified Healthcare Trust had a negative return on equity of 9.51% and a negative net margin of 10.29%. The business had revenue of $367.67 million for the quarter, compared to the consensus estimate of $370.87 million. As a group, analysts anticipate that Diversified Healthcare Trust will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DHC. Bank of New York Mellon Corp bought a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $22,101,000. Bank of America Corp DE increased its stake in shares of Diversified Healthcare Trust by 90.4% during the 1st 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 purchasing an additional 1,273,681 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Diversified Healthcare Trust by 231.8% in the 2nd 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 purchasing an additional 1,234,822 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Diversified Healthcare Trust in the 3rd quarter valued at about $8,633,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Diversified Healthcare Trust by 30.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,354,824 shares of the real estate investment trust’s stock valued at $15,636,000 after purchasing an additional 552,794 shares during the period. 75.98% of the stock is owned by institutional investors.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.