RBC Capital analyst Michael Carroll upgraded Diversified Healthcare Trust (DHC) to Sector Perform from Underperform with a price target of $5, up from $3. The firm sees the company’s senior housing portfolio as better positioned to take advantage of the “strong” seniors housing tailwinds. In addition, Diversified’s leverage will “noticeably improve” over the next 12 months, the analyst tells investors in a research note.
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