Diversified Healthcare Trust (NASDAQ:DHC) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Diversified Healthcare Trust (NASDAQ:DHC) from an underperform rating to a sector perform rating in a report released on Thursday morning, Marketbeat reports. Royal Bank Of Canada currently has $5.00 target price on the real estate investment trust’s stock, up from their prior target price of $3.00.

Several other equities analysts have also issued reports on DHC. B. Riley boosted their price target on shares of Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.25.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $4.63 on Thursday. The firm has a fifty day moving average of $4.34 and a two-hundred day moving average of $3.73. The company has a debt-to-equity ratio of 1.42, a quick ratio of 6.35 and a current ratio of 6.35. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.89 and a beta of 2.61. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $4.99.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, June 2nd. The real estate investment trust reported $0.01 EPS for the quarter. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.The business had revenue of $370.78 million during the quarter.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were paid a $0.01 dividend. The ex-dividend date was Monday, October 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.74%.

Institutional Trading of Diversified Healthcare Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group boosted its position in Diversified Healthcare Trust by 21.1% during the 3rd quarter. Brooklyn Investment Group now owns 22,153 shares of the real estate investment trust’s stock worth $98,000 after buying an additional 3,865 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Diversified Healthcare Trust by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 5,544 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Diversified Healthcare Trust by 5.1% in the third quarter. Russell Investments Group Ltd. now owns 114,611 shares of the real estate investment trust’s stock worth $505,000 after purchasing an additional 5,566 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Diversified Healthcare Trust by 169.2% in the second quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 6,387 shares during the period. Finally, Caption Management LLC increased its holdings in Diversified Healthcare Trust by 17.0% in the third quarter. Caption Management LLC now owns 46,781 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 6,781 shares during the period. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.