Diversified Healthcare Trust (NASDAQ:DHC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Diversified Healthcare Trust (NASDAQ:DHCGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.8333.

A number of research firms recently issued reports on DHC. B. Riley Financial lifted their target price on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Maxim Group raised their price objective on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Finally, 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.

Read Our Latest Report on Diversified Healthcare Trust

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DHC. Metis Global Partners LLC lifted its position in shares of Diversified Healthcare Trust by 5.3% during the 4th quarter. Metis Global Partners LLC now owns 51,564 shares of the real estate investment trust’s stock valued at $250,000 after acquiring an additional 2,595 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Diversified Healthcare Trust by 7.0% during the 4th quarter. ProShare Advisors LLC now owns 40,167 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 2,616 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Diversified Healthcare Trust by 24.1% in the 4th quarter. Corient Private Wealth LLC now owns 15,664 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 3,043 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Diversified Healthcare Trust by 20.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Diversified Healthcare Trust by 4.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 82,348 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 3,803 shares during the period. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC opened at $7.67 on Friday. Diversified Healthcare Trust has a 1 year low of $3.66 and a 1 year high of $9.66. The firm has a market cap of $1.86 billion, a P/E ratio of -6.91 and a beta of 2.29. The stock has a fifty day moving average price of $8.70 and a two-hundred day moving average price of $8.05. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66.

Diversified Healthcare Trust (NASDAQ:DHCGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. Research analysts forecast that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.60%.

Diversified Healthcare Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Diversified Healthcare Trust (NASDAQ:DHC)

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