Diversified Healthcare Trust (NASDAQ:DHC) Downgraded by StockNews.com

StockNews.com cut shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other research firms also recently issued reports on DHC. JMP Securities reissued a market perform rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. B. Riley increased their target price 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.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC remained flat at $3.48 on Friday. 536,193 shares of the stock were exchanged, compared to its average volume of 1,041,962. Diversified Healthcare Trust has a one year low of $1.68 and a one year high of $3.96. The firm's fifty day moving average is $3.22 and its 200 day moving average is $2.82. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $837.18 million, a PE ratio of -2.54 and a beta of 2.20.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.44). Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. The company had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. During the same period in the prior year, the company earned $0.05 EPS. As a group, research analysts expect that Diversified Healthcare Trust will post 0.2 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, July 22nd. Diversified Healthcare Trust's dividend payout ratio is presently -2.92%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Algert Global LLC boosted its stake in Diversified Healthcare Trust by 3.0% during the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust's stock valued at $939,000 after acquiring an additional 8,878 shares during the last quarter. Deerfield Management Company L.P. Series C raised its stake in shares of Diversified Healthcare Trust by 4.8% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust's stock valued at $269,000 after purchasing an additional 4,055 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Diversified Healthcare Trust by 128.3% during the second quarter. AQR Capital Management LLC now owns 166,215 shares of the real estate investment trust's stock worth $507,000 after purchasing an additional 93,421 shares during the last quarter. BlackBarn Capital Partners LP grew its stake in Diversified Healthcare Trust by 128.6% in the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust's stock worth $12,200,000 after purchasing an additional 2,250,000 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Diversified Healthcare Trust in the second quarter worth about $74,000. Hedge funds and other institutional investors own 75.98% of the company's stock.

About Diversified Healthcare Trust

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.