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

Diversified Healthcare Trust (NASDAQ:DHC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Separately, Royal Bank of Canada raised their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC traded down $0.12 during midday trading on Monday, hitting $2.18. 2,197,527 shares of the stock traded hands, compared to its average volume of 1,122,809. The firm has a market capitalization of $525.98 million, a P/E ratio of -1.35 and a beta of 2.17. Diversified Healthcare Trust has a one year low of $2.13 and a one year high of $4.24. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The firm has a 50-day moving average of $2.57 and a two-hundred day moving average of $3.11.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The firm had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the prior year, the company posted $0.03 EPS. On average, equities analysts forecast that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DHC. Creative Planning raised its position in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 2,767 shares during the period. Deerfield Management Company L.P. Series C raised its holdings in Diversified Healthcare Trust by 4.8% during the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 4,055 shares during the period. Metis Global Partners LLC lifted its position in shares of Diversified Healthcare Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 6,603 shares in the last quarter. Algert Global LLC boosted its stake in shares of Diversified Healthcare Trust by 3.0% in the second quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock worth $939,000 after acquiring an additional 8,878 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Diversified Healthcare Trust by 2.8% during the third quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock worth $1,362,000 after purchasing an additional 8,879 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

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.