Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to Hold at StockNews.com

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.

Separately, 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.

Diversified Healthcare Trust Stock Performance

NASDAQ DHC traded up $0.06 on Wednesday, hitting $2.48. 866,800 shares of the company's stock traded hands, compared to its average volume of 916,114. The firm has a market capitalization of $598.36 million, a PE ratio of -1.54 and a beta of 2.17. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24. The firm's 50-day moving average price is $2.32 and its two-hundred day moving average price is $2.98. 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 announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The company had revenue of $373.64 million for the quarter, compared to analysts' expectations of $376.80 million. During the same quarter in the prior year, the business posted $0.03 earnings per share.

Institutional Investors Weigh In On Diversified Healthcare Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Diversified Healthcare Trust by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust's stock worth $23,751,000 after acquiring an additional 54,602 shares in the last quarter. RBF Capital LLC increased its holdings in Diversified Healthcare Trust by 433.1% during the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust's stock worth $5,447,000 after purchasing an additional 1,056,131 shares during the period. JPMorgan Chase & Co. raised its position in Diversified Healthcare Trust by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust's stock valued at $3,619,000 after purchasing an additional 324,787 shares in the last quarter. Anson Funds Management LP purchased a new position in shares of Diversified Healthcare Trust in the 3rd quarter valued at about $2,995,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Diversified Healthcare Trust during the third quarter worth about $2,197,000. Hedge funds and other institutional investors own 75.98% of the company's stock.

About Diversified Healthcare Trust

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.