B. Riley raised the firm’s price target on Diversified Healthcare Trust (DHC) to $4.50 from $4 and keeps a Buy rating on the shares after the company and d Office Properties Income (OPI) terminated their planned merger. The firm updated its model to include recent senior housing monthly trends and interest expense estimates.
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Read More on DHC:
- Diversified Healthcare Trust, Office Properties mutually terminate merger
- Largest borrow rate increases among liquid names
- Diversified Healthcare Trust merger proposal receives three negative assessments
- Diversified Healthcare holder Flat Footed issues open letter to shareholders
- Diversified Healthcare Trust price target raised to $4 from $3 at B. Riley
