Diversified Healthcare Trust (NASDAQ:DHC) Earns Market Perform Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Diversified Healthcare Trust (NASDAQ:DHC) in a report published on Wednesday, Marketbeat reports.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut Diversified Healthcare Trust from a hold rating to a sell rating in a report on Wednesday. B. Riley lifted their target price on shares of 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 Trading Up 9.0 %

Shares of DHC stock opened at $3.50 on Wednesday. Diversified Healthcare Trust has a 1 year low of $1.68 and a 1 year high of $3.96. The firm has a market capitalization of $842.00 million, a PE ratio of -2.55 and a beta of 2.20. The stock has a fifty day moving average of $3.15 and a two-hundred day moving average of $2.79. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results 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). Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. The company had revenue of $371.39 million for the quarter, compared to the consensus estimate of $372.11 million. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, research analysts expect that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, July 22nd. Diversified Healthcare Trust’s payout ratio is currently -2.92%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Diversified Healthcare Trust by 84.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 3,510 shares during the period. Deerfield Management Company L.P. Series C increased its stake in Diversified Healthcare Trust by 4.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 4,055 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Diversified Healthcare Trust by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock worth $602,000 after purchasing an additional 4,974 shares in the last quarter. Victory Capital Management Inc. raised its position in Diversified Healthcare Trust by 22.7% in the fourth quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 5,379 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Diversified Healthcare Trust by 3.0% during 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. 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.