Wells Fargo analyst Todd Stender downgraded Diversified Healthcare Trust (DHC) to Equal Weight from Overweight with a $9 price target. The analyst notes that at current discounted cash flow derived valuation, the stock offers limited upside potential, particularly with the company having completed its contemplated restructuring of business arrangements with Five Star Senior Living (FVE). On January 2nd, Diversified Healthcare Trust and Five Star Senior Living announced that the previously announced restructuring of their business arrangements related to five master leases for 166 of DHC's senior living communities was completed.