Diversified Healthcare Trust (NASDAQ:DHC) Stock Has Consensus Price Target of $9.83 According to Analysts

Diversified Healthcare Trust (NASDAQ:DHC) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $9.83.

DHC has been the subject of several recent analyst reports. B. Riley Financial boosted their price objective on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada increased their target price on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Friday, July 17th.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $7.74 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. Diversified Healthcare Trust has a fifty-two week low of $3.92 and a fifty-two week high of $9.66. The firm has a market capitalization of $1.87 billion, a PE ratio of -6.97 and a beta of 2.29. The stock’s 50-day simple moving average is $8.16 and its 200-day simple moving average is $8.19.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. As a group, equities research analysts forecast that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -3.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Carronade Capital Management LP raised its stake in shares of Diversified Healthcare Trust by 10.6% during the first quarter. Carronade Capital Management LP now owns 5,268,435 shares of the real estate investment trust’s stock worth $34,982,000 after purchasing an additional 504,898 shares during the last quarter. Centersquare Investment Management LLC grew its position in Diversified Healthcare Trust by 123.1% in the 4th quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock valued at $15,661,000 after buying an additional 1,781,839 shares during the last quarter. Arini Captial Management Ltd purchased a new position in Diversified Healthcare Trust in the 4th quarter valued at $14,400,000. Bank of America Corp DE increased its stake in Diversified Healthcare Trust by 90.4% in the 1st 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 buying an additional 1,273,681 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 138,708 shares during the period. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust focused on owning and managing healthcare-related properties across the United States. Its portfolio includes medical office buildings, life science and research facilities, and senior living communities.

The company leases its properties to healthcare providers, medical practices, research organizations, and senior living operators. Through these properties, DHC supports services such as outpatient care, clinical research, assisted living, and other healthcare and wellness activities.

Diversified Healthcare Trust was founded in 1998 and is externally managed by The RMR Group LLC.