Royal Bank Of Canada Raises Diversified Healthcare Trust (NASDAQ:DHC) Price Target to $6.00

Diversified Healthcare Trust (NASDAQ:DHC) had its target price upped by equities researchers at Royal Bank Of Canada from $5.00 to $6.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective points to a potential downside of 11.24% from the company’s previous close.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, January 21st. Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, B. Riley Financial reissued a “buy” rating and issued a $6.50 price objective (up from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.25.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC remained flat at $6.76 during trading on Monday. 232,604 shares of the stock traded hands, compared to its average volume of 1,875,667. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -5.70 and a beta of 2.43. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a 50-day moving average of $5.75 and a 200-day moving average of $4.84. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $6.85.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.21). Diversified Healthcare Trust had a negative return on equity of 15.98% and a negative net margin of 18.59%.The firm had revenue of $379.57 million during the quarter, compared to analysts’ expectations of $392.89 million.

Insider Transactions at Diversified Healthcare Trust

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto bought 20,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of $4.89 per share, with a total value of $97,800.00. Following the transaction, the chief executive officer directly owned 266,285 shares in the company, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Diversified Healthcare Trust in the second quarter valued at $28,000. CWM LLC boosted 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 acquiring an additional 4,167 shares during the period. Ground Swell Capital LLC bought a new position in shares of Diversified Healthcare Trust during the third quarter valued at approximately $45,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $49,000. Finally, L2 Asset Management LLC bought a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $49,000. 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.