Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Friday.
Other research analysts have also recently issued reports about the stock. B. Riley upped their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. JMP Securities restated a "market perform" rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada upped their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th.
Get Our Latest Report on Diversified Healthcare Trust
Diversified Healthcare Trust Price Performance
Shares of Diversified Healthcare Trust stock traded down $0.05 on Friday, reaching $2.63. The stock had a trading volume of 939,282 shares, compared to its average volume of 1,065,810. Diversified Healthcare Trust has a 1 year low of $1.94 and a 1 year high of $4.24. The company has a market cap of $634.54 million, a P/E ratio of -1.63 and a beta of 2.23. The company has a current ratio of 11.57, a quick ratio of 11.63 and a debt-to-equity ratio of 1.44. The business's 50 day moving average is $3.55 and its two-hundred day moving average is $3.12.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46). The firm had revenue of $373.64 million during the quarter, compared to analysts' expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, research analysts anticipate that Diversified Healthcare Trust will post 0.2 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of DHC. Allspring Global Investments Holdings LLC grew its holdings in shares of Diversified Healthcare Trust by 99.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 7,629 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $187,000. Atomi Financial Group Inc. bought a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $46,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Diversified Healthcare Trust by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust's stock worth $602,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Black Maple Capital Management LP bought a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $246,000. 75.98% of the stock is currently owned by institutional investors.
About Diversified Healthcare Trust
(
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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.
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