Equities research analysts at B. Riley assumed coverage on shares of Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) in a report issued on Thursday. The brokerage set a "buy" rating and a $4.50 price target on the real estate investment trust's stock. B. Riley's price target would suggest a potential upside of 108.72% from the company's current price.
Separately, StockNews.com raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, April 1st.
Get Our Latest Analysis on DHC
Diversified Healthcare Trust Trading Down 4.6 %
Shares of DHC traded down $0.10 during trading hours on Thursday, reaching $2.16. 251,289 shares of the company traded hands, compared to its average volume of 979,651. The firm has a market cap of $520.10 million, a price-to-earnings ratio of -1.34 and a beta of 2.02. Diversified Healthcare Trust has a 12-month low of $2.01 and a 12-month high of $4.24. The stock's fifty day moving average price is $2.56 and its 200 day moving average price is $2.74. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 net margin of 26.09% and a negative return on equity of 17.55%.
Hedge Funds Weigh In On Diversified Healthcare Trust
Large investors have recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $36,000. Boothbay Fund Management LLC purchased a new position in Diversified Healthcare Trust in the fourth quarter worth $41,000. Proficio Capital Partners LLC acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth $44,000. RPO LLC purchased a new stake in shares of Diversified Healthcare Trust during the 4th quarter valued at $54,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth $65,000. 75.98% of the stock is currently owned by institutional investors.
About Diversified Healthcare Trust
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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.
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