Diversified Healthcare Trust (NASDAQ:DHC) Upgraded by StockNews.com to “Hold” Rating

Diversified Healthcare Trust (NASDAQ:DHC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ:DHC traded up $0.07 during trading on Tuesday, reaching $2.47. 877,668 shares of the company’s stock traded hands, compared to its average volume of 982,811. 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 fifty-two week low of $2.01 and a fifty-two week high of $4.24. The company has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $2.78. The firm has a market cap of $595.85 million, a PE ratio of -1.53 and a beta of 2.15.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.31. The company had revenue of $379.62 million for the quarter, compared to analyst estimates of $370.97 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackBarn Capital Partners LP increased its stake in Diversified Healthcare Trust by 41.8% during the 4th quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust’s stock worth $14,375,000 after buying an additional 1,841,503 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Diversified Healthcare Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,696,513 shares of the real estate investment trust’s stock worth $13,105,000 after purchasing an additional 29,062 shares in the last quarter. Northern Trust Corp increased its position in shares of Diversified Healthcare Trust by 9.6% during the fourth quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust’s stock worth $4,908,000 after purchasing an additional 187,208 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Diversified Healthcare Trust by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,060,326 shares of the real estate investment trust’s stock valued at $4,738,000 after purchasing an additional 89,415 shares during the last quarter. Finally, CastleKnight Management LP lifted its holdings in Diversified Healthcare Trust by 30.1% in the 4th quarter. CastleKnight Management LP now owns 1,845,842 shares of the real estate investment trust’s stock valued at $4,245,000 after purchasing an additional 427,400 shares in the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

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.