Diversified Healthcare Trust (NASDAQ:DHC) Upgraded at Royal Bank Of Canada

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by research analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm currently has a $5.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 9.41% from the company’s previous close.

DHC has been the topic of several other reports. B. Riley raised their price target on Diversified Healthcare Trust from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.25.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $4.57 on Thursday. The company has a market cap of $1.11 billion, a PE ratio of -3.84 and a beta of 2.61. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.65. The company’s 50-day moving average is $4.31 and its two-hundred day moving average is $3.70.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share for the quarter. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%. The business had revenue of $370.78 million during the quarter.

Institutional Trading of Diversified Healthcare Trust

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Diversified Healthcare Trust during the second quarter worth $28,000. Chicago Partners Investment Group LLC bought a new stake in Diversified Healthcare Trust during the 1st quarter worth about $34,000. Farther Finance Advisors LLC boosted its stake in shares of Diversified Healthcare Trust by 169.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 6,387 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Diversified Healthcare Trust by 296.3% in the 1st quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 13,588 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new stake in shares of Diversified Healthcare Trust in the first quarter valued at about $45,000. Institutional investors own 75.98% of the company’s stock.

About Diversified Healthcare Trust

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.