StockNews.com Upgrades Diversified Healthcare Trust (NASDAQ:DHC) to Hold

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Separately, Royal Bank of Canada upped their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Price Performance

NASDAQ DHC opened at $2.42 on Wednesday. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 12 month low of $2.01 and a 12 month high of $4.24. The stock has a market cap of $583.87 million, a price-to-earnings ratio of -1.50 and a beta of 2.17. The company’s 50 day moving average is $2.32 and its two-hundred day moving average is $3.00.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). The firm had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter in the previous year, the business earned $0.03 earnings per share.

Hedge Funds Weigh In On Diversified Healthcare Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in shares of Diversified Healthcare Trust by 78.7% during the 4th quarter. Inspire Investing LLC now owns 175,182 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 77,170 shares in the last quarter. SG Americas Securities LLC raised its stake in Diversified Healthcare Trust by 55.1% during the fourth quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 41,489 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Diversified Healthcare Trust by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after purchasing an additional 324,787 shares during the last quarter. Barclays PLC lifted its position in Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 245,405 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Diversified Healthcare Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock worth $23,751,000 after buying an additional 54,602 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

About Diversified Healthcare Trust

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.