Diversified Healthcare Trust (NASDAQ:DHC) Stock Rating Upgraded by B. Riley

B. Riley upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday, April 2nd,Zacks.com reports.

Separately, StockNews.com upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, April 1st.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock traded up $0.02 during midday trading on Wednesday, reaching $2.14. 256,634 shares of the stock were exchanged, compared to its average volume of 981,092. The firm has a market cap of $515.52 million, a PE ratio of -1.33 and a beta of 2.02. Diversified Healthcare Trust has a 52 week low of $2.01 and a 52 week high of $4.24. The company's fifty day moving average is $2.55 and its 200-day moving average is $2.73. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.31. The firm had revenue of $379.62 million during the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.87%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -2.60%.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors have recently added to or reduced their stakes in DHC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Diversified Healthcare Trust by 41.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,477 shares of the real estate investment trust's stock worth $884,000 after acquiring an additional 112,701 shares during the last quarter. Union Square Park Capital Management LLC raised its stake in Diversified Healthcare Trust by 32.1% during the fourth quarter. Union Square Park Capital Management LLC now owns 925,000 shares of the real estate investment trust's stock valued at $2,128,000 after buying an additional 225,000 shares during the last quarter. State of Wyoming boosted its holdings in Diversified Healthcare Trust by 15.2% in the fourth quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust's stock worth $125,000 after acquiring an additional 7,175 shares in the last quarter. Southport Management L.L.C. grew its stake in shares of Diversified Healthcare Trust by 20.0% in the fourth quarter. Southport Management L.L.C. now owns 90,000 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Diversified Healthcare Trust by 133.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 44,864 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 25,614 shares during the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Company Profile

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.