RBC Capital analyst Michael Carroll maintained a Sell rating on Diversified Healthcare Trust (DHC – Research Report) on November 24 and set a price target of $3.00. The company’s shares closed last Wednesday at $3.17, close to its 52-week low of $3.12.
According to TipRanks.com, Carroll is a 5-star analyst with an average return of 12.5% and a 71.2% success rate. Carroll covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, Industrial Logistics Properties, and Office Properties Income.
The word on The Street in general, suggests a Hold analyst consensus rating for Diversified Healthcare Trust with a $4.33 average price target.
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Diversified Healthcare Trust’s market cap is currently $757.6M and has a P/E ratio of -3.70. The company has a Price to Book ratio of 0.33.
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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.
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