Diversified Healthcare Trust (NASDAQ:DHC) Given New $8.50 Price Target at B. Riley Financial

Diversified Healthcare Trust (NASDAQ:DHC) had its target price boosted by B. Riley Financial from $6.50 to $8.50 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on DHC. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, January 21st. Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada upped their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Diversified Healthcare Trust currently has an average rating of “Hold” and an average price target of $7.25.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $7.26 on Tuesday. The firm has a market cap of $1.76 billion, a PE ratio of -6.10 and a beta of 2.39. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $7.52. The company’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $4.89. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.21). Diversified Healthcare Trust had a negative return on equity of 15.98% and a negative net margin of 18.59%.The business had revenue of $379.57 million for the quarter, compared to the consensus estimate of $392.89 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were given a dividend of $0.01 per share. The ex-dividend date was Monday, January 26th. This represents a $0.04 annualized dividend and a yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.36%.

Insider Activity at Diversified Healthcare Trust

In other news, CEO Christopher J. Bilotto bought 20,000 shares of the stock in a transaction dated Monday, December 15th. The shares were bought at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the purchase, the chief executive officer owned 266,285 shares in the company, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in shares of Diversified Healthcare Trust by 28.7% during the fourth quarter. Corient Private Wealth LLC now owns 16,242 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 3,621 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $49,000. VARCOV Co. acquired a new stake in Diversified Healthcare Trust in the 4th quarter worth about $246,000. Tudor Investment Corp ET AL bought a new stake in Diversified Healthcare Trust in the 4th quarter valued at about $176,000. Finally, Millennium Management LLC acquired a new position in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $2,415,000. 75.98% of the stock is owned by institutional investors and hedge funds.

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.