Diversified Healthcare Trust REIT (NASDAQ: DHC) jumped up 13% today. This after losing nearly 70% from a high last November. The coronavirus has taken down many REIT stocks.
This week DHC has completed the previously announced sale of 4 assets for a combined sales price of approximately $56 million.
These sales were part of Diversified Healthcare Trust’s previously reported plan to sell up to $900 million of assets in connection with the restructuring of its business arrangements with Five Star Senior Living Inc. The company anticipates using the incomes from these sales to repay debt and for general business purposes.
|AD - Recover your investment losses! Haselkorn & Thibaut, P.A. is a national law firm that specializes in fighting ONLY on behalf of investors. With a 95% success rate, let us help you recover your investment losses today. Call now 1 888-628-5590 or visit InvestmentFraudLawyers.com to schedule a free consultation and learn how our experience can help you recover your investment losses. No recovery, no fee.|
Diversified Healthcare Trust (NASDAQ: DHC) (formerly the “Senior Housing Properties Trust”) is is managed by the operating subsidiary of RMR, an alternative asset management company that is headquartered in Newton, MA. DHC is a real estate investment trust (REIT) that owns medical office, senior living communities, and wellness centers in the US.
Should Investors Buy DHC Stock?
An AlphaBetastock reader asked us if DHC stock was a buy. The short answer is no if you are a long term or ordinary investor. DHC is very risky right now because of the coronavirus. It will likely continue to drop.
Haselkorn and Thibaut, a national law firm that represents investors, is currently investigating financial advisors that sold DHC for sales practices.
Goldman Sacks is going strong back into equities. “Right now is a good time to get back into markets and take advantage of the decline in equity markets to position for the rebound,” said Silvia Ardagna, the managing director in the investment strategy group within Goldman Sachs private Wealth Management.
Yesterday’s February JOLTs Job Openings data were better than market expectations. The indicator fell from 7.012 million to 6.882 million instead of the expected 6.600 million. However, the March statistics can be much worse, since it will take into account the restriction of the work of enterprises due to quarantine.
Meanwhile, the US government plans to partially open some regions of the country, despite the growth in the number of cases, which has already exceeded 400K. Economic adviser Larry Kudlow previously stated that the resumption of enterprises in several states would be possible in 4–8 weeks. Still, it is not known whether it will be possible to obtain the consent of local governors.