Diversified Healthcare Trust (NASDAQ:DHC) Coverage Initiated at B. Riley

Investment analysts at B. Riley assumed coverage on shares of Diversified Healthcare Trust (NASDAQ:DHC) in a report released on Thursday. The brokerage set a “buy” rating and a $4.50 price target on the real estate investment trust’s stock. B. Riley’s price target would suggest a potential upside of 97.37% from the company’s previous close.

Separately, StockNews.com upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Tuesday.

Diversified Healthcare Trust Stock Down 1.3 %

Shares of NASDAQ DHC opened at $2.28 on Thursday. Diversified Healthcare Trust has a 1 year low of $2.01 and a 1 year high of $4.24. The firm has a market capitalization of $550.02 million, a PE ratio of -1.42 and a beta of 2.02. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm’s 50-day moving average is $2.57 and its 200-day moving average is $2.77.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.31. The company had revenue of $379.62 million during the quarter, compared to analyst estimates 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Diversified Healthcare Trust in the 3rd quarter valued at $187,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $1,139,000 after acquiring an additional 92,287 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Diversified Healthcare Trust in the 3rd quarter valued at $2,197,000. RBF Capital LLC boosted its stake 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 valued at $5,447,000 after buying an additional 1,056,131 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of Diversified Healthcare Trust in the 3rd quarter valued at approximately $2,995,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

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.