Diversified Healthcare Trust (NASDAQ:DHC) Upgraded 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 Wednesday morning.

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

Diversified Healthcare Trust Price Performance

Shares of NASDAQ:DHC opened at $2.48 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The firm has a market cap of $598.35 million, a price-to-earnings ratio of -1.54 and a beta of 2.17. The business has a 50-day simple moving average of $2.32 and a two-hundred day simple moving average of $2.99. Diversified Healthcare Trust has a fifty-two week low of $2.01 and a fifty-two week high of $4.24.

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

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.61%. Diversified Healthcare Trust’s payout ratio is presently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in Diversified Healthcare Trust by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock valued at $23,751,000 after purchasing an additional 54,602 shares in the last quarter. RBF Capital LLC lifted its position in shares of Diversified Healthcare Trust by 433.1% during the 3rd 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. JPMorgan Chase & Co. grew its stake in shares of Diversified Healthcare Trust by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after acquiring an additional 324,787 shares during the period. Anson Funds Management LP purchased a new stake in Diversified Healthcare Trust in the 3rd quarter worth approximately $2,995,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Diversified Healthcare Trust in the 3rd quarter worth approximately $2,197,000. 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.