Diversified Healthcare Trust (NASDAQ:DHC) Shares Up 6% After Analyst Upgrade

Shares of Diversified Healthcare Trust (NASDAQ:DHC) traded up 6% during trading on Thursday after Royal Bank Of Canada upgraded the stock from an underperform rating to a sector perform rating. Royal Bank Of Canada now has a $5.00 price target on the stock, up from their previous price target of $3.00. Diversified Healthcare Trust traded as high as $4.90 and last traded at $4.8440. 525,654 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 893,775 shares. The stock had previously closed at $4.57.

Several other analysts also recently weighed in on DHC. B. Riley boosted their target price on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.25.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas bought a new stake in Diversified Healthcare Trust during the first quarter valued at $59,000. Allianz Asset Management GmbH purchased a new position in shares of Diversified Healthcare Trust during the first quarter valued at about $298,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Diversified Healthcare Trust by 49.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,565 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 20,666 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in Diversified Healthcare Trust during the 1st quarter valued at about $34,000. Finally, Deutsche Bank AG raised its position in Diversified Healthcare Trust by 11.7% in the 1st quarter. Deutsche Bank AG now owns 233,202 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 24,510 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Up 6.0%

The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42. The company has a market cap of $1.17 billion, a P/E ratio of -4.07 and a beta of 2.61. The company has a fifty day moving average of $4.31 and a 200 day moving average of $3.70.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 EPS for the quarter. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%. The firm had revenue of $370.78 million during the quarter.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, October 27th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, October 27th. Diversified Healthcare Trust’s dividend payout ratio is -2.74%.

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.