StockNews.com Lowers Diversified Healthcare Trust (NASDAQ:DHC) to Sell

StockNews.com downgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Separately, B. Riley lifted their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a buy rating in a report on Monday, August 5th.

Diversified Healthcare Trust Stock Up 9.0 %

NASDAQ:DHC opened at $3.50 on Wednesday. Diversified Healthcare Trust has a twelve month low of $1.68 and a twelve month high of $3.96. The firm has a market capitalization of $842.00 million, a price-to-earnings ratio of -2.55 and a beta of 2.20. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $3.15 and its two-hundred day moving average price is $2.79.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.44). Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. The firm had revenue of $371.39 million for the quarter, compared to the consensus estimate of $372.11 million. During the same period last year, the company posted $0.05 earnings per share. Equities research analysts expect that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were issued a $0.01 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.14%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 worth $29,000 after acquiring an additional 3,510 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $165,000. abrdn plc bought a new stake in Diversified Healthcare Trust in the 4th quarter valued at $1,338,000. Wolverine Asset Management LLC grew its holdings in Diversified Healthcare Trust by 15.2% in the 4th quarter. Wolverine Asset Management LLC now owns 267,583 shares of the real estate investment trust’s stock valued at $1,001,000 after buying an additional 35,293 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Diversified Healthcare Trust by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 5,379 shares during the period. Institutional investors and hedge funds 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.