Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

DHC has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Monday, April 20th. B. Riley Financial boosted their price objective on Diversified Healthcare Trust from $6.50 to $8.50 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Zacks Research raised Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Maxim Group started coverage on Diversified Healthcare Trust in a research note on Monday, April 27th. They set a “buy” rating and a $9.50 price objective on the stock. Finally, Royal Bank Of Canada boosted their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Diversified Healthcare Trust has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Diversified Healthcare Trust Price Performance

Shares of DHC traded up $0.30 during trading hours on Thursday, hitting $7.84. 2,227,417 shares of the stock were exchanged, compared to its average volume of 1,294,685. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.36 and a current ratio of 2.36. Diversified Healthcare Trust has a 12-month low of $2.15 and a 12-month high of $7.88. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -6.59 and a beta of 2.35. The stock’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $5.75.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS 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 for the quarter, compared to analysts’ expectations of $392.89 million. Research analysts expect that Diversified Healthcare Trust will post 0.57 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Diversified Healthcare Trust’s payout ratio is -3.36%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several large investors have recently modified their holdings of DHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Diversified Healthcare Trust by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 5,544 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares during the last quarter. Strs Ohio acquired a new position in shares of Diversified Healthcare Trust in the 1st quarter valued at $103,000. JPMorgan Chase & Co. lifted its stake in shares of Diversified Healthcare Trust by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock valued at $3,308,000 after purchasing an additional 84,572 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Diversified Healthcare Trust by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock valued at $1,391,000 after purchasing an additional 7,084 shares during the last quarter. Institutional investors and hedge funds 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.