Wall Street Zen upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC – Free Report) from a sell rating to a hold rating in a research note released on Saturday.
A number of other brokerages have also recently commented on DHC. Royal Bank Of Canada lifted their price objective on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a research report on Thursday, April 30th. B. Riley Financial boosted their price objective on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Maxim Group upped their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.83.
Get Our Latest Stock Analysis on Diversified Healthcare Trust
Diversified Healthcare Trust Stock Up 1.1%
Diversified Healthcare Trust (NASDAQ:DHC – Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. The business had revenue of $365.39 million during the quarter, compared to analysts’ expectations of $370.75 million. As a group, equities analysts expect that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.
Diversified Healthcare Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is currently -3.60%.
Hedge Funds Weigh In On Diversified Healthcare Trust
Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 5,544 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Diversified Healthcare Trust by 158.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after purchasing an additional 2,370,459 shares during the last quarter. Strs Ohio bought a new stake in Diversified Healthcare Trust in the first quarter worth about $103,000. JPMorgan Chase & Co. lifted its stake in Diversified Healthcare Trust by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock worth $3,308,000 after purchasing an additional 84,572 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Diversified Healthcare Trust by 1.9% during the second quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock valued at $1,391,000 after buying an additional 7,084 shares during the period. 75.98% of the stock is owned by hedge funds and other institutional investors.
Diversified Healthcare Trust Company Profile
Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.
The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.
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