Diversified Healthcare Trust (NASDAQ:DHC) Stock Has Average Price Target of $9.83

Shares of Diversified Healthcare Trust (NASDAQ:DHC) have been given an average rating of “Moderate Buy” by 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 given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.83.

DHC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC purchased a new position in Diversified Healthcare Trust in the 3rd quarter worth approximately $34,000. Summit Securities Group LLC bought a new position in shares of Diversified Healthcare Trust in the first quarter worth about $31,000. KBC Group NV bought a new stake in Diversified Healthcare Trust in the 1st quarter valued at $35,000. Western Wealth Management LLC purchased a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at about $38,000. Finally, GAMMA Investing LLC bought a new position in Diversified Healthcare Trust during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Price Performance

NASDAQ DHC opened at $7.86 on Friday. The business has a 50 day simple moving average of $7.79 and a 200 day simple moving average of $8.26. Diversified Healthcare Trust has a 52-week low of $3.92 and a 52-week high of $9.66. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -7.08 and a beta of 2.29. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. The company had revenue of $365.39 million for the quarter, compared to analyst estimates of $370.75 million. Analysts anticipate that Diversified Healthcare Trust will post 0.60 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a $0.01 dividend. The ex-dividend date is Monday, October 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s payout ratio is presently -3.60%.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.