Diversified Healthcare Trust Announces Third Quarter 2024 Results
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Diversified Healthcare Trust (DHC) PT Lowered to $5 at B.Riley
November 6, 2024 6:06 AM ESTB.Riley analyst Bryan Maher lowered the price target on Diversified Healthcare Trust (NASDAQ: DHC) to $5.00 (from $6.00) while maintaining a Buy rating.
The analyst comments "There was a lot to unpack in Diversified Healthcare Trusts (DHC) 3Q24 results. The REIT reported an earnings miss that was partially impacted by Hurricane Helene (late-September) and a fire (insurance deductible) at one senior housing (SHOP) community. These one-time items, totaling ~$2.5M, were not backed out of DHC's... More
