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

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 to clients and investors on Thursday.

Separately, B. Riley started coverage on Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price objective on the stock.

Diversified Healthcare Trust Stock Up 3.1 %

Diversified Healthcare Trust stock traded up $0.07 during mid-day trading on Thursday, reaching $2.14. The stock had a trading volume of 60,158 shares, compared to its average volume of 985,232. The stock's 50-day simple moving average is $2.52 and its 200-day simple moving average is $2.67. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week 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. The firm has a market capitalization of $515.04 million, a PE ratio of -1.32 and a beta of 2.02.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.31. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The firm had revenue of $379.62 million during the quarter, compared to analyst estimates of $370.97 million.

Hedge Funds Weigh In On Diversified Healthcare Trust

Large investors have recently modified their holdings of the business. Deerfield Management Company L.P. Series C purchased a new stake in shares of Diversified Healthcare Trust in the fourth quarter worth about $36,000. Boothbay Fund Management LLC purchased a new stake in Diversified Healthcare Trust in the fourth quarter worth approximately $41,000. Proficio Capital Partners LLC bought a new position in shares of Diversified Healthcare Trust during the 4th quarter valued at $44,000. RPO LLC bought a new position in shares of Diversified Healthcare Trust during the fourth quarter valued at about $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter valued at approximately $65,000. 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.