Diversified Healthcare Trust (NASDAQ:DHC) Downgraded by StockNews.com to “Sell”

Diversified Healthcare Trust (NASDAQ:DHC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

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 report on Monday, October 14th.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $2.16 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. Diversified Healthcare Trust has a 52 week low of $2.10 and a 52 week high of $4.24. The company’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $3.10. The company has a market capitalization of $521.15 million, a P/E ratio of -1.34 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). The company had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, analysts expect that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DHC. New England Private Wealth Advisors LLC bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $62,000. XTX Topco Ltd bought a new stake in Diversified Healthcare Trust during the second quarter worth $74,000. Creative Planning lifted its stake in Diversified Healthcare Trust by 14.1% in the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 6,603 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Diversified Healthcare Trust by 68.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 16,456 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Company Profile

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.