Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to “Hold” by Zacks Investment Research

Diversified Healthcare Trust (NASDAQ:DHCGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Diversified Healthcare Trust is a healthcare Real Estate Investment Trust. It owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants amd senior living communities as well as wellness centers. Diversified Healthcare Trust, formerly known as Senior Housing Properties Trust, is based in Newton, United States. “

A number of other analysts have also recently weighed in on the company. B. Riley lowered their price objective on Diversified Healthcare Trust from $6.00 to $5.00 in a research report on Monday, May 9th. StockNews.com assumed coverage on Diversified Healthcare Trust in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, TheStreet raised Diversified Healthcare Trust from a “d” rating to a “c-” rating in a research report on Thursday, February 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Diversified Healthcare Trust has an average rating of “Hold” and an average target price of $4.92.

Shares of NASDAQ:DHC traded up $0.04 on Monday, reaching $2.14. The company had a trading volume of 59,503 shares, compared to its average volume of 1,627,595. Diversified Healthcare Trust has a 52-week low of $2.02 and a 52-week high of $4.34. The firm’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.88. The firm has a market capitalization of $511.43 million, a PE ratio of 1.05, a PEG ratio of 1.92 and a beta of 1.53. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.99.

A number of large investors have recently bought and sold shares of the business. Running Point Capital Advisors LLC acquired a new position in Diversified Healthcare Trust in the first quarter valued at about $32,000. Sciencast Management LP acquired a new position in Diversified Healthcare Trust in the first quarter valued at approximately $37,000. Two Sigma Securities LLC acquired a new position in Diversified Healthcare Trust in the third quarter valued at approximately $39,000. M&T Bank Corp acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $46,000. Finally, Sei Investments Co. boosted its holdings 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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