Diversified Healthcare Trust (NASDAQ:DHC) Price Target Increased to $6.00 by Analysts at B. Riley

Diversified Healthcare Trust (NASDAQ:DHC) had its price target increased by equities research analysts at B. Riley from $5.00 to $6.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price target would indicate a potential upside of 92.31% from the stock’s previous close.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock traded down $0.13 during midday trading on Monday, hitting $3.12. 686,998 shares of the company traded hands, compared to its average volume of 1,087,862. The firm’s fifty day moving average price is $2.99 and its 200-day moving average price is $2.76. The stock has a market cap of $750.77 million, a price-to-earnings ratio of -2.31 and a beta of 2.20. Diversified Healthcare Trust has a 12 month low of $1.68 and a 12 month high of $3.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 8.76 and a current ratio of 8.76.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.44). Diversified Healthcare Trust had a negative return on equity of 15.05% and a negative net margin of 24.14%. The company had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. During the same quarter last year, the company posted $0.05 earnings per share. As a group, sell-side analysts forecast that Diversified Healthcare Trust will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several large investors have recently modified their holdings of DHC. BlackBarn Capital Partners LP acquired a new stake in Diversified Healthcare Trust during the 4th quarter valued at approximately $4,488,000. abrdn plc acquired a new position in Diversified Healthcare Trust in the fourth quarter valued at $1,338,000. Beryl Capital Management LLC grew its holdings in Diversified Healthcare Trust by 44.3% during the 4th quarter. Beryl Capital Management LLC now owns 813,970 shares of the real estate investment trust’s stock worth $3,044,000 after acquiring an additional 250,000 shares during the period. Pale Fire Capital SE lifted its stake in shares of Diversified Healthcare Trust by 47.7% in the 4th quarter. Pale Fire Capital SE now owns 518,652 shares of the real estate investment trust’s stock valued at $1,940,000 after purchasing an additional 167,543 shares during the period. Finally, Brigade Capital Management LP bought a new stake in shares of Diversified Healthcare Trust during the 4th quarter valued at about $374,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

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.