Diversified Healthcare Trust (NASDAQ:DHC) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Diversified Healthcare Trust (NASDAQ:DHCGet Rating) from a strong sell rating to a hold rating in a research report released on Monday, Zacks.com reports.

According to Zacks, “Diversified Healthcare Trust is a healthcare Real Estate Investment Trust. It owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants amd senior living communities as well as wellness centers. Diversified Healthcare Trust, formerly known as Senior Housing Properties Trust, is based in Newton, United States. “

Other equities analysts have also recently issued research reports about the stock. StockNews.com began coverage on shares of Diversified Healthcare Trust in a research note on Thursday, March 31st. They issued a hold rating on the stock. TheStreet upgraded shares of Diversified Healthcare Trust from a d rating to a c- rating in a research note on Thursday, February 24th. Finally, B. Riley dropped their target price on shares of Diversified Healthcare Trust from $6.00 to $5.00 in a research report on Monday, May 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Diversified Healthcare Trust has a consensus rating of Hold and an average target price of $4.92.

NASDAQ:DHC opened at $2.29 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market capitalization of $547.28 million, a price-to-earnings ratio of 1.13, a P/E/G ratio of 1.92 and a beta of 1.53. The stock has a fifty day moving average of $2.59 and a 200 day moving average of $2.87. Diversified Healthcare Trust has a 52-week low of $2.02 and a 52-week high of $4.34.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Monday, April 25th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.75%. Diversified Healthcare Trust’s dividend payout ratio is currently 1.97%.

Hedge funds have recently bought and sold shares of the business. Zebra Capital Management LLC acquired a new stake in shares of Diversified Healthcare Trust during the first quarter worth approximately $715,000. Jane Street Group LLC raised its position in Diversified Healthcare Trust by 45.2% in the first quarter. Jane Street Group LLC now owns 20,700 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 6,441 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Diversified Healthcare Trust in the 1st quarter worth about $132,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Diversified Healthcare Trust during the first quarter valued at $157,000. Finally, Eaton Vance Management increased its holdings in Diversified Healthcare Trust by 166.1% in the first quarter. Eaton Vance Management now owns 19,116 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 11,932 shares during the last quarter. 82.08% of the stock is owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust (Get Rating)

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

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