Diversified Healthcare Trust (NASDAQ:DHC) Cut to Sell at StockNews.com

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

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

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $2.14 on Monday. The business’s fifty day moving average is $2.54 and its 200 day moving average is $3.10. Diversified Healthcare Trust has a 12-month low of $2.07 and a 12-month high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a market cap of $516.33 million, a P/E ratio of -1.33 and a beta of 2.17.

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

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Diversified Healthcare Trust by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after acquiring an additional 324,787 shares during the last quarter. Barclays PLC raised its stake in shares of Diversified Healthcare Trust by 310.2% during the 3rd quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 245,405 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Diversified Healthcare Trust by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock worth $23,751,000 after buying an additional 54,602 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Diversified Healthcare Trust by 26.0% during the third quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust’s stock valued at $1,753,000 after buying an additional 86,353 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Diversified Healthcare Trust by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust’s stock worth $1,167,000 after buying an additional 18,800 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.