Diversified Healthcare Trust (DHC) Receives a Hold from Wells Fargo
In a report released yesterday, Todd Stender from Wells Fargo maintained a Hold rating on Diversified Healthcare Trust (DHC). The company’s shares closed last Tuesday at $3.11, close to its 52-week low of $2.00.
According to TipRanks.com, Stender is a 3-star analyst with an average return of 2.1% and a 52.5% success rate. Stender covers the Financial sector, focusing on stocks such as National Storage Affiliates, National Retail Properties, and Healthpeak Properties.
The word on The Street in general, suggests a Hold analyst consensus rating for Diversified Healthcare Trust with a $6.67 average price target.
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The company has a one-year high of $10.21 and a one-year low of $2.00. Currently, Diversified Healthcare Trust has an average volume of 2.21M.
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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.