Diversified Healthcare Trust (NASDAQ:DHC) Upgraded at Zacks Investment Research

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The brokerage currently has a $9.75 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s target price indicates a potential upside of 16.49% from the company’s previous close.

According to Zacks, “Diversified Healthcare Trust is a healthcare Real Estate Investment Trust. It owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants amd senior living communities as well as wellness centers. Diversified Healthcare Trust, formerly known as Senior Housing Properties Trust, is based in Newton, United States. “

A number of other research analysts also recently issued reports on the company. Bank of America started coverage on Diversified Healthcare Trust in a report on Monday, October 14th. They issued an “underperform” rating on the stock. ValuEngine downgraded Diversified Healthcare Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. BidaskClub upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Raymond James upgraded Diversified Healthcare Trust from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Co downgraded Diversified Healthcare Trust from an “overweight” rating to an “equal weight” rating and set a $9.00 price target on the stock. in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.85.

NASDAQ DHC traded down $0.42 on Monday, reaching $8.37. 1,479,082 shares of the stock traded hands, compared to its average volume of 1,172,239. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.09 and a current ratio of 2.09. The company has a fifty day moving average price of $7.99 and a 200-day moving average price of $8.50. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -12.88, a PEG ratio of 1.85 and a beta of 0.54. Diversified Healthcare Trust has a 12 month low of $7.05 and a 12 month high of $14.31.

A number of hedge funds have recently made changes to their positions in DHC. Parallel Advisors LLC grew its stake in Diversified Healthcare Trust by 118.8% during the 3rd quarter. Parallel Advisors LLC now owns 3,790 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,058 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Diversified Healthcare Trust by 895.2% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,225 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 4,700 shares during the last quarter. US Bancorp DE grew its stake in Diversified Healthcare Trust by 30.8% during the 2nd quarter. US Bancorp DE now owns 9,013 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 2,120 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Diversified Healthcare Trust by 16.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,921 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 1,258 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in Diversified Healthcare Trust during the 2nd quarter valued at about $102,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (Nasdaq: DHC) is a healthcare Real Estate Investment Trust, or REIT, which owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants; senior living communities; as well as wellness centers.

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