JMP Securities Reiterates "Market Perform" Rating for Diversified Healthcare Trust (NASDAQ:DHC)

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s stock had its "market perform" rating reiterated by research analysts at JMP Securities in a research note issued to investors on Wednesday, Benzinga reports.

Other equities analysts have also issued research reports about the company. B. Riley increased their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a "buy" rating in a report on Monday, August 5th. StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Wednesday.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock traded up $0.09 on Wednesday, reaching $3.27. 606,947 shares of the company were exchanged, compared to its average volume of 1,058,774. The stock's 50 day moving average price is $3.12 and its 200-day moving average price is $2.78. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. Diversified Healthcare Trust has a 1-year low of $1.68 and a 1-year high of $3.96.

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

Hedge Funds Weigh In On Diversified Healthcare Trust

Large investors have recently bought and sold shares of the stock. BlackBarn Capital Partners LP purchased a new stake in shares of Diversified Healthcare Trust in the 4th quarter valued at about $4,488,000. Victory Capital Management Inc. lifted its stake in Diversified Healthcare Trust by 22.7% in the fourth quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust's stock valued at $109,000 after buying an additional 5,379 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Diversified Healthcare Trust by 12.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 137,075 shares of the real estate investment trust's stock valued at $477,000 after acquiring an additional 15,681 shares during the period. abrdn plc purchased a new position in shares of Diversified Healthcare Trust during the fourth quarter worth approximately $1,338,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at $165,000. Institutional investors and hedge funds own 75.98% of the company's stock.

Diversified Healthcare Trust Company Profile

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.