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

Diversified Healthcare Trust (NASDAQ:DHC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Diversified Healthcare Trust Stock Performance

DHC stock opened at $2.76 on Wednesday. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24. The business’s 50-day moving average price is $2.36 and its two-hundred day moving average price is $2.91. The firm has a market cap of $664.71 million, a PE ratio of -1.71 and a beta of 2.17. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44.

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

Institutional Trading of Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackBarn Capital Partners LP grew its holdings in shares of Diversified Healthcare Trust by 41.8% during the fourth 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 grew its stake in shares of Diversified Healthcare Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,696,513 shares of the real estate investment trust’s stock worth $13,105,000 after acquiring an additional 29,062 shares in the last quarter. Northern Trust Corp grew its stake in shares of Diversified Healthcare Trust by 9.6% during the 4th quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust’s stock worth $4,908,000 after acquiring an additional 187,208 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Diversified Healthcare Trust by 4.5% in the fourth 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 position in shares of Diversified Healthcare Trust by 30.1% in the fourth quarter. CastleKnight Management LP now owns 1,845,842 shares of the real estate investment trust’s stock worth $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.