Diversified Healthcare Trust (NASDAQ:DHC) Receives $9.83 Average Price Target from Analysts

Diversified Healthcare Trust (NASDAQ:DHC) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.8333.

A number of equities analysts have commented on DHC shares. Maxim Group raised their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. B. Riley Financial upped their price objective on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada raised their target price on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th.

Diversified Healthcare Trust Price Performance

NASDAQ:DHC opened at $7.54 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -6.79 and a beta of 2.29. Diversified Healthcare Trust has a 52 week low of $3.92 and a 52 week high of $9.66. The firm’s 50-day simple moving average is $8.51 and its 200 day simple moving average is $8.09.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $365.39 million for the quarter, compared to the consensus estimate of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. As a group, sell-side analysts predict that Diversified Healthcare Trust will post 0.6 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.60%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in Diversified Healthcare Trust during the 1st quarter worth approximately $31,000. KBC Group NV bought a new position in shares of Diversified Healthcare Trust during the first quarter valued at $35,000. Western Wealth Management LLC bought a new position in shares of Diversified Healthcare Trust during the first quarter valued at $38,000. CWM LLC lifted its holdings in shares of Diversified Healthcare Trust by 174.5% during the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 4,167 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Diversified Healthcare Trust during the second quarter worth $28,000. Institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.