Diversified Healthcare Trust (NASDAQ:DHC) Now Covered by Analysts at Freedom Broker

Freedom Broker assumed coverage on shares of Diversified Healthcare Trust (NASDAQ:DHC) in a report issued on Tuesday,Zacks reports. The firm issued a strong-buy rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on DHC. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Thursday, October 15th. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Diversified Healthcare Trust has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $7.03 on Tuesday. The company has a quick ratio of 4.67, a current ratio of 5.32 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average price is $7.72 and its two-hundred day moving average price is $7.79. The company has a market cap of $1.70 billion, a PE ratio of -10.98 and a beta of 2.34. Diversified Healthcare Trust has a twelve month low of $4.23 and a twelve month high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). Diversified Healthcare Trust had a negative net margin of 10.29% and a negative return on equity of 9.51%. The business had revenue of $367.67 million during the quarter, compared to analyst estimates of $370.87 million. On average, analysts predict that Diversified Healthcare Trust will post 0.49 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, October 19th. Diversified Healthcare Trust’s dividend payout ratio is currently -6.25%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several hedge funds have recently bought and sold shares of DHC. Dimensional Fund Advisors LP lifted its holdings in shares of Diversified Healthcare Trust by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,399,804 shares of the real estate investment trust’s stock worth $15,935,000 after buying an additional 138,708 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Diversified Healthcare Trust by 90.4% in the first quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock valued at $17,810,000 after acquiring an additional 1,273,681 shares during the period. Engineers Gate Manager LP grew its stake in shares of Diversified Healthcare Trust by 432.1% in the second quarter. Engineers Gate Manager LP now owns 175,660 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 142,648 shares in the last quarter. Amundi acquired a new position in shares of Diversified Healthcare Trust in the first quarter valued at about $847,000. Finally, Militia Capital Management LLC acquired a new position in shares of Diversified Healthcare Trust in the first quarter valued at about $1,422,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.