Diversified Healthcare Trust (DHC) Receives a Sell from Merrill Lynch
Merrill Lynch analyst Joshua Dennerlein maintained a Sell rating on Diversified Healthcare Trust (DHC) today and set a price target of $3.30. The company’s shares closed last Monday at $4.20.
According to TipRanks.com, Dennerlein has 0 stars on 0-5 stars ranking scale with an average return of -18.4% and a 33.3% success rate. Dennerlein covers the Financial sector, focusing on stocks such as Spirit Realty Capital, Welltower, and NETSTREIT.
Currently, the analyst consensus on Diversified Healthcare Trust is a Hold with an average price target of $3.83, representing a -3.1% downside. In a report issued on November 11, RBC Capital also maintained a Sell rating on the stock with a $3.00 price target.
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The company has a one-year high of $8.93 and a one-year low of $2.00. Currently, Diversified Healthcare Trust has an average volume of 1.29M.
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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.