Diversified Healthcare Trust (NASDAQ:DHC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Diversified Healthcare Trust (NASDAQ:DHC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.8333.

Several research firms have recently commented on DHC. Royal Bank Of Canada increased their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Friday, July 17th. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Maxim Group increased their price target on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a research note on Thursday, April 30th.

Diversified Healthcare Trust Trading Up 0.1%

DHC opened at $8.38 on Monday. The firm’s 50 day moving average is $8.98 and its 200-day moving average is $7.86. Diversified Healthcare Trust has a 52-week low of $3.37 and a 52-week high of $9.66. The company has a quick ratio of 4.67, a current ratio of 4.66 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $2.03 billion, a P/E ratio of -7.55 and a beta of 2.30.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. The firm had revenue of $365.39 million for the quarter, compared to analyst estimates of $370.75 million. Analysts expect that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is -3.60%.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Diversified Healthcare Trust during the second quarter valued at about $28,000. Summit Securities Group LLC acquired a new stake in Diversified Healthcare Trust during the first quarter valued at $31,000. CWM LLC grew its stake in Diversified Healthcare Trust by 174.5% in the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 4,167 shares in the last quarter. KBC Group NV acquired a new position in Diversified Healthcare Trust in the 1st quarter worth about $35,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Diversified Healthcare Trust during the 1st quarter worth about $38,000. Institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.