Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to “Hold” at StockNews.com

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Separately, B. Riley boosted their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC traded down $0.15 during trading hours on Monday, reaching $3.11. The company had a trading volume of 1,163,111 shares, compared to its average volume of 1,091,058. The company has a current ratio of 8.76, a quick ratio of 8.76 and a debt-to-equity ratio of 1.26. Diversified Healthcare Trust has a 52 week low of $1.68 and a 52 week high of $3.96. The firm has a market cap of $747.16 million, a price-to-earnings ratio of -2.27 and a beta of 2.20. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $2.76.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). The business had revenue of $371.39 million for the quarter, compared to analysts’ expectations of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.05% and a negative net margin of 24.14%. During the same quarter in the prior year, the business earned $0.05 EPS. On average, analysts forecast that Diversified Healthcare Trust will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in Diversified Healthcare Trust by 84.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 3,510 shares during the period. Atomi Financial Group Inc. purchased a new position in Diversified Healthcare Trust during the first quarter valued at $46,000. Simplicity Wealth LLC purchased a new position in Diversified Healthcare Trust during the first quarter valued at $56,000. Victory Capital Management Inc. lifted its holdings in Diversified Healthcare Trust by 22.7% during the fourth quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 5,379 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new position in Diversified Healthcare Trust during the fourth quarter valued at $144,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.