Diversified Healthcare Trust (NASDAQ:DHC) Stock Rating Upgraded by StockNews.com

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

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

Diversified Healthcare Trust Stock Down 3.3 %

NASDAQ DHC traded down $0.08 on Wednesday, reaching $2.31. The company had a trading volume of 960,412 shares, compared to its average volume of 1,017,856. Diversified Healthcare Trust has a 52-week low of $2.01 and a 52-week high of $4.24. The stock has a market capitalization of $557.35 million, a P/E ratio of -1.43 and a beta of 2.17. The company’s fifty day moving average is $2.32 and its 200 day moving average is $3.00. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data 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). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share.

Institutional Trading of Diversified Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth about $74,000. Creative Planning grew its holdings in Diversified Healthcare Trust by 14.1% during the third 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 last quarter. Metis Global Partners LLC lifted its stake 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 worth $99,000 after buying an additional 6,603 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Diversified Healthcare Trust by 68.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 16,456 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Diversified Healthcare Trust during the third quarter worth approximately $187,000. 75.98% of the stock is owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

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.