Diversified Healthcare Trust (NASDAQ:DHC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from a sell rating to a hold rating in a report issued on Tuesday.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock opened at $2.47 on Tuesday. The firm has a market cap of $595.85 million, a PE ratio of -1.53 and a beta of 2.15. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The stock’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $2.78. Diversified Healthcare Trust has a one year low of $2.01 and a one year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, topping the consensus estimate 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 net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.62%. Diversified Healthcare Trust’s payout ratio is -2.60%.

Institutional Trading of Diversified Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC acquired a new position in Diversified Healthcare Trust during the 3rd quarter worth approximately $187,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Diversified Healthcare Trust by 51.4% in the third 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 buying an additional 92,287 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Diversified Healthcare Trust during the third quarter worth $2,197,000. RBF Capital LLC increased its holdings in shares of Diversified Healthcare Trust by 433.1% during 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 buying an additional 1,056,131 shares in the last quarter. Finally, Anson Funds Management LP bought a new position in shares of Diversified Healthcare Trust in the 3rd quarter valued at $2,995,000. 75.98% of the stock is currently 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.