Diversified Healthcare Trust (NASDAQ:DHC) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Diversified Healthcare Trust (NASDAQ:DHC) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

Several other research analysts also recently issued reports on DHC. B. Riley reiterated a “buy” rating and issued a $6.50 target price (up previously from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday. Finally, Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from $3.00 to $5.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Diversified Healthcare Trust has a consensus rating of “Reduce” and an average target price of $5.75.

Diversified Healthcare Trust Trading Down 1.2%

NASDAQ DHC opened at $5.66 on Thursday. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $6.06. The stock has a market cap of $1.37 billion, a P/E ratio of -3.88 and a beta of 2.42. The stock’s fifty day moving average price is $5.03 and its 200-day moving average price is $4.35. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.The company had revenue of $388.71 million during the quarter, compared to analysts’ expectations of $382.10 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Monday, January 26th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio is presently -2.74%.

Insider Activity

In other news, CEO Christopher J. Bilotto acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average price of $4.89 per share, with a total value of $97,800.00. Following the completion of the acquisition, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. The trade was a 8.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 5,544 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Diversified Healthcare Trust by 158.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after buying an additional 2,370,459 shares during the last quarter. Strs Ohio bought a new stake in Diversified Healthcare Trust during the first quarter valued at approximately $103,000. Farther Finance Advisors LLC grew its position in Diversified Healthcare Trust by 169.2% during 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 buying an additional 6,387 shares during the period. Finally, Abacus Planning Group Inc. increased its holdings in Diversified Healthcare Trust by 28.1% during the second quarter. Abacus Planning Group Inc. now owns 49,283 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 10,822 shares during the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.