Diversified Healthcare Trust (NASDAQ:DHC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Diversified Healthcare Trust (NASDAQ:DHC – Get Rating) in a report released on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

DHC has been the subject of several other research reports. TheStreet downgraded shares of Diversified Healthcare Trust from a “c-” rating to a “d+” rating in a research report on Thursday, April 20th. B. Riley reiterated a “buy” rating on shares of Diversified Healthcare Trust in a research report on Friday, March 3rd.

Diversified Healthcare Trust Price Performance

Shares of DHC stock opened at $1.05 on Tuesday. Diversified Healthcare Trust has a 12 month low of $0.61 and a 12 month high of $2.37. The company has a market capitalization of $251.66 million, a PE ratio of -0.81, a price-to-earnings-growth ratio of 0.26 and a beta of 1.80. The firm’s 50-day moving average is $1.12 and its two-hundred day moving average is $0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.79 and a quick ratio of 0.79.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DHC. Prelude Capital Management LLC acquired a new stake in Diversified Healthcare Trust in the second quarter valued at approximately $26,000. Point72 Hong Kong Ltd acquired a new stake in Diversified Healthcare Trust in the second quarter valued at approximately $35,000. PNC Financial Services Group Inc. grew its position in shares of Diversified Healthcare Trust by 91.9% during the first quarter. PNC Financial Services Group Inc. now owns 19,053 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 9,124 shares in the last quarter. Eaton Vance Management grew its position in shares of Diversified Healthcare Trust by 166.1% during 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 in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Diversified Healthcare Trust by 45.2% during the first quarter. Jane Street Group LLC now owns 20,700 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 6,441 shares in the last quarter. 80.19% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

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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.