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

B. Riley upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

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

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $2.28 on Wednesday. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24. The company has a market capitalization of $550.02 million, a price-to-earnings 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 stock’s fifty day simple moving average is $2.57 and its 200-day simple moving average is $2.77.

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

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.60%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in Diversified Healthcare Trust during the third quarter valued at approximately $187,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Diversified Healthcare Trust by 51.4% in 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 buying an additional 92,287 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Diversified Healthcare Trust in the third quarter valued at $2,197,000. Anson Funds Management LP acquired a new position in Diversified Healthcare Trust during the third quarter worth $2,995,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Diversified Healthcare Trust by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust’s stock valued at $1,167,000 after acquiring an additional 18,800 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.

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.