Diversified Healthcare Trust (NASDAQ:DHC) Price Target Raised to $6.00

Diversified Healthcare Trust (NASDAQ:DHC) had its price target raised by Royal Bank Of Canada from $5.00 to $6.00 in a research note published on Monday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the real estate investment trust’s stock.

DHC has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, January 21st. B. Riley Financial reissued a “buy” rating and issued a $6.50 price target (up from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. Finally, Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Diversified Healthcare Trust currently has an average rating of “Hold” and an average target price of $7.25.

Diversified Healthcare Trust Stock Up 4.0%

DHC opened at $7.55 on Monday. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $7.61. The company has a market cap of $1.83 billion, a PE ratio of -6.34 and a beta of 2.39. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $5.89 and a 200 day moving average of $4.91.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The company had revenue of $379.57 million for the quarter, compared to analysts’ expectations of $392.89 million. Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, January 26th. This represents a $0.04 annualized dividend and a yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio is currently -3.36%.

Insider Buying and Selling at Diversified Healthcare Trust

In other news, CEO Christopher J. Bilotto purchased 20,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of $4.89 per share, with a total value of $97,800.00. Following the transaction, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This represents a 8.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of Diversified Healthcare Trust by 7.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,129,197 shares of the real estate investment trust’s stock valued at $7,623,000 after purchasing an additional 151,479 shares during the last quarter. Allianz Asset Management GmbH grew its position in Diversified Healthcare Trust by 85.1% during the third quarter. Allianz Asset Management GmbH now owns 206,547 shares of the real estate investment trust’s stock valued at $911,000 after buying an additional 94,937 shares during the period. SG Americas Securities LLC increased its holdings in Diversified Healthcare Trust by 560.3% during the third quarter. SG Americas Securities LLC now owns 244,211 shares of the real estate investment trust’s stock valued at $1,077,000 after buying an additional 207,225 shares during the last quarter. Centersquare Investment Management LLC bought a new position in Diversified Healthcare Trust in the third quarter worth approximately $6,383,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Diversified Healthcare Trust by 22.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,890,628 shares of the real estate investment trust’s stock worth $6,768,000 after acquiring an additional 345,110 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.