Diversified Healthcare Trust (NASDAQ:DHC) Upgraded at StockNews.com

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

Diversified Healthcare Trust Price Performance

DHC stock opened at $2.31 on Tuesday. The stock has a market capitalization of $557.26 million, a price-to-earnings ratio of -1.43 and a beta of 2.02. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 52-week low of $2.01 and a 52-week high of $4.24. The stock’s fifty day simple moving average is $2.56 and its 200-day simple moving average is $2.77.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.31. The firm had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.60%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Deerfield Management Company L.P. Series C purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at $36,000. Boothbay Fund Management LLC acquired a new stake in Diversified Healthcare Trust in the 4th quarter valued at $41,000. Proficio Capital Partners LLC purchased a new position in Diversified Healthcare Trust in the fourth quarter valued at about $44,000. RPO LLC acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Diversified Healthcare Trust in the fourth quarter worth about $65,000. 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, 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.