Diversified Healthcare Trust (NASDAQ:DHC) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from a hold rating to a sell rating in a research report released on Monday morning.

Separately, Royal Bank of Canada lifted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th.

Diversified Healthcare Trust Trading Down 5.2 %

Diversified Healthcare Trust stock opened at $2.18 on Monday. The stock has a 50-day moving average price of $2.57 and a 200 day moving average price of $3.11. Diversified Healthcare Trust has a 52 week low of $2.13 and a 52 week high of $4.24. The stock has a market cap of $525.98 million, a PE ratio of -1.35 and a beta of 2.17. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The firm had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same quarter last year, the firm earned $0.03 earnings per share. Equities research analysts predict that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DHC. Barclays PLC increased its stake in Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after acquiring an additional 245,405 shares during the last quarter. RBF Capital LLC increased its position in Diversified Healthcare Trust by 433.1% during the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock worth $5,447,000 after purchasing an additional 1,056,131 shares in the last quarter. Anson Funds Management LP purchased a new position in Diversified Healthcare Trust in the third quarter valued at approximately $2,995,000. BlackBarn Capital Partners LP lifted its position in Diversified Healthcare Trust by 128.6% during the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock valued at $12,200,000 after buying an additional 2,250,000 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Diversified Healthcare Trust during the third quarter worth approximately $187,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.