Diversified Healthcare Trust (NASDAQ:DHC) Downgraded to Strong Sell Rating by Zacks Research

Diversified Healthcare Trust (NASDAQ:DHC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on DHC. Royal Bank Of Canada raised Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $3.00 to $5.00 in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday. Finally, B. Riley reissued a “buy” rating and set a $6.50 price objective (up previously from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Diversified Healthcare Trust Trading Down 1.2%

DHC stock opened at $5.66 on Thursday. The company has a market capitalization of $1.37 billion, a PE ratio of -3.88 and a beta of 2.42. The company has a debt-to-equity ratio of 1.61, a quick ratio of 16.89 and a current ratio of 16.89. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $6.06. The company’s 50 day moving average price is $5.03 and its two-hundred day moving average price is $4.35.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $388.71 million for the quarter, compared to the consensus estimate of $382.10 million. Diversified Healthcare Trust had a negative net margin of 22.90% and a negative return on equity of 18.90%.

Insider Activity

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the acquisition, the chief executive officer directly owned 266,285 shares in the company, valued at $1,302,133.65. The trade was a 8.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Diversified Healthcare Trust by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 14,626 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 4,356 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new stake in Diversified Healthcare Trust in the fourth quarter worth about $218,000. Harbor Capital Advisors Inc. boosted its position in Diversified Healthcare Trust by 299.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 13,692 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 10,264 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Diversified Healthcare Trust during the 4th quarter valued at approximately $101,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Diversified Healthcare Trust by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,041,966 shares of the real estate investment trust’s stock worth $4,595,000 after acquiring an additional 118,003 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Company Profile

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.