Diversified Healthcare Trust (NASDAQ:DHC) Price Target Cut to $5.00

Diversified Healthcare Trust (NASDAQ:DHCGet Rating) had its price target cut by B. Riley from $6.00 to $5.00 in a research report issued to clients and investors on Monday, The Fly reports. B. Riley’s target price indicates a potential upside of 129.36% from the company’s current price.

Several other research firms have also commented on DHC. TheStreet upgraded shares of Diversified Healthcare Trust from a “d” rating to a “c-” rating in a research note on Thursday, February 24th. StockNews.com started coverage on shares of Diversified Healthcare Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Diversified Healthcare Trust currently has a consensus rating of “Hold” and a consensus target price of $4.92.

DHC opened at $2.18 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.00 and a quick ratio of 1.21. Diversified Healthcare Trust has a fifty-two week low of $2.14 and a fifty-two week high of $4.34. The firm has a market capitalization of $521.00 million, a PE ratio of 1.07, a P/E/G ratio of 0.94 and a beta of 1.53. The company’s 50-day moving average is $2.79 and its 200 day moving average is $3.00.

A number of large investors have recently modified their holdings of DHC. Sciencast Management LP purchased a new position in Diversified Healthcare Trust in the 1st quarter worth $37,000. Two Sigma Securities LLC purchased a new position in shares of Diversified Healthcare Trust in the third quarter valued at about $39,000. M&T Bank Corp purchased a new position in shares of Diversified Healthcare Trust in the fourth quarter valued at about $46,000. Mackenzie Financial Corp purchased a new position in shares of Diversified Healthcare Trust in the third quarter valued at about $47,000. Finally, Sei Investments Co. increased its position in shares of Diversified Healthcare Trust by 7.4% in the fourth quarter. Sei Investments Co. now owns 56,733 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 3,925 shares during the period. Institutional investors own 82.08% of the company’s stock.

About Diversified Healthcare Trust (Get Rating)

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

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