Diversified Healthcare Trust (NASDAQ:DHC) Rating Increased to Sector Perform at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from an underperform rating to a sector perform rating in a research report report published on Thursday morning, MarketBeat.com reports. The firm currently has $5.00 target price on the real estate investment trust’s stock, up from their previous target price of $3.00.

Other equities research analysts have also recently issued reports about the company. B. Riley increased their price objective on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.25.

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $4.77 on Thursday. Diversified Healthcare Trust has a twelve month low of $2.00 and a twelve month high of $4.99. The company has a market capitalization of $1.16 billion, a P/E ratio of -4.01 and a beta of 2.61. The firm has a 50 day moving average of $4.33 and a 200 day moving average of $3.71. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $370.78 million for the quarter. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.74%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Diversified Healthcare Trust by 169.2% during the second quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 6,387 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at $59,000. Caxton Associates LLP bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at $453,000. Deutsche Bank AG increased its stake in shares of Diversified Healthcare Trust by 11.7% in the 1st quarter. Deutsche Bank AG now owns 233,202 shares of the real estate investment trust’s stock worth $560,000 after purchasing an additional 24,510 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Diversified Healthcare Trust by 49.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,565 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 20,666 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.