RBC Capital analyst Michael Carroll maintained a Sell rating on Diversified Healthcare Trust (DHC) on May 24 and set a price target of $4.00. The company’s shares closed last Tuesday at $3.59.
According to TipRanks.com, Carroll is a 4-star analyst with an average return of 10.9% and a 74.3% success rate. Carroll covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Office Properties Income, and Healthpeak Properties.
Diversified Healthcare Trust has an analyst consensus of Hold, with a price target consensus of $4.75.
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Based on Diversified Healthcare Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $363 million and GAAP net loss of $67.51 million. In comparison, last year the company earned revenue of $442 million and had a net profit of $9.74 million.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DHC in relation to earlier this year.
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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. The Triple Net Leased Senior Living Communities segment offers short and long term residential care and other services for residents, which the company receive rents from the operators. The Managed Senior Living Communities segment includes short and long term residential care and other services for residents, which the company pays fees to the operator to manage the communities for its account. The MOBs segment refers to the tenants paying for rent. The All Other segment comprises operations, including properties that offer wellness, fitness and spa services to members. The company was founded on December 16, 1998 and is headquartered in Newton, MA.