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

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

Separately, Royal Bank of Canada increased their price objective on 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 Trading Down 5.2 %

DHC stock traded down $0.12 on Monday, reaching $2.18. The company’s stock had a trading volume of 2,197,527 shares, compared to its average volume of 1,122,809. The firm has a market cap of $525.98 million, a PE ratio of -1.35 and a beta of 2.17. The business has a fifty day simple moving average of $2.57 and a two-hundred day simple moving average of $3.11. Diversified Healthcare Trust has a 12-month low of $2.13 and a 12-month 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.

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

Institutional Investors Weigh In On Diversified Healthcare Trust

Several hedge funds have recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC bought a new stake in shares of Diversified Healthcare Trust during the second quarter valued at approximately $62,000. XTX Topco Ltd purchased a new position in shares of Diversified Healthcare Trust in the second quarter worth $74,000. Creative Planning lifted its holdings in shares of 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 in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Diversified Healthcare Trust by 38.8% during 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 purchasing an additional 6,603 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Diversified Healthcare Trust by 68.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 16,456 shares during the last quarter. 75.98% of the stock is owned by institutional investors.

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.