Diversified Healthcare Trust (NASDAQ:DHC) Rating Increased to Hold at StockNews.com

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also commented on DHC. B. Riley raised their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada raised their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th.

Diversified Healthcare Trust Trading Down 1.9 %

DHC stock traded down $0.05 on Friday, reaching $2.63. The company’s stock had a trading volume of 939,282 shares, compared to its average volume of 1,065,810. The business has a fifty day simple moving average of $3.55 and a two-hundred day simple moving average of $3.12. Diversified Healthcare Trust has a 12-month low of $1.94 and a 12-month high of $4.24. The firm has a market cap of $634.54 million, a PE ratio of -1.63 and a beta of 2.23. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.63 and a current ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly 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 business had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. During the same period in the previous year, the business earned $0.03 EPS. As a group, research analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Metis Global Partners LLC increased its holdings in shares of Diversified Healthcare Trust by 38.8% during the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 6,603 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Diversified Healthcare Trust during the third quarter valued at $648,000. Asset Management One Co. Ltd. increased its holdings in shares of Diversified Healthcare Trust by 2.8% during the third quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock valued at $1,362,000 after acquiring an additional 8,879 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Diversified Healthcare Trust by 68.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 16,456 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Diversified Healthcare Trust by 14.1% during the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors.

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.