Diversified Healthcare Trust (DHC) Gets a Buy Rating from B.Riley FBR
In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Buy rating on Diversified Healthcare Trust (DHC), with a price target of $12.00. The company’s shares closed last Monday at $6.76, close to its 52-week low of $6.01.
According to TipRanks.com, Maher is a 1-star analyst with an average return of -1.9% and a 48.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Braemar Hotels & Resorts, and Office Properties Income.
The word on The Street in general, suggests a Hold analyst consensus rating for Diversified Healthcare Trust with a $9.50 average price target.
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Based on Diversified Healthcare Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $51.7 million. In comparison, last year the company had a GAAP net loss of $119 million.
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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: Triple Net Leased Senior Living Communities, Managed Senior Living Communities, MOBs and All Other.