Diversified Healthcare Trust (NASDAQ:DHC) Rating Lowered to “Sell” at StockNews.com

Diversified Healthcare Trust (NASDAQ:DHC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Diversified Healthcare Trust Stock Performance

NASDAQ DHC opened at $2.76 on Wednesday. Diversified Healthcare Trust has a twelve month low of $2.01 and a twelve month high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a market cap of $664.71 million, a P/E ratio of -1.71 and a beta of 2.17. The company’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.91.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.31. The business had revenue of $379.62 million during the quarter, compared to analysts’ expectations of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Institutional Trading of Diversified Healthcare Trust

Several hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its position in Diversified Healthcare Trust by 310.2% in the 3rd quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock valued at $1,360,000 after buying an additional 245,405 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Diversified Healthcare Trust by 55.1% in 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 acquiring an additional 41,489 shares during the last quarter. RBF Capital LLC increased its position in Diversified Healthcare Trust by 433.1% in the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock worth $5,447,000 after purchasing an additional 1,056,131 shares during the period. Anson Funds Management LP bought a new stake in Diversified Healthcare Trust during the 3rd quarter worth about $2,995,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Diversified Healthcare Trust by 51.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,776 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 92,287 shares during the period. 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.