Jacobs Levy Equity Management Inc. purchased a new position in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 524,252 shares of the real estate investment trust's stock, valued at approximately $2,197,000. Jacobs Levy Equity Management Inc. owned about 0.22% of Diversified Healthcare Trust as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of DHC. Creative Planning increased its holdings in shares of Diversified Healthcare Trust by 14.1% in the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 2,767 shares during the period. Deerfield Management Company L.P. Series C grew its stake in shares of Diversified Healthcare Trust by 4.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust's stock worth $269,000 after purchasing an additional 4,055 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Diversified Healthcare Trust by 38.8% during the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 6,603 shares during the period. Algert Global LLC raised its stake in shares of Diversified Healthcare Trust by 3.0% during the second quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust's stock valued at $939,000 after purchasing an additional 8,878 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Diversified Healthcare Trust by 2.8% during the third quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust's stock valued at $1,362,000 after purchasing an additional 8,879 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on DHC shares. StockNews.com raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Friday, November 8th. JMP Securities reissued a "market perform" rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada raised their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research note on Monday, October 14th.
View Our Latest Stock Report on Diversified Healthcare Trust
Diversified Healthcare Trust Stock Performance
NASDAQ DHC remained flat at $2.57 during trading on Friday. The company's stock had a trading volume of 629,829 shares, compared to its average volume of 895,396. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 12-month low of $2.19 and a 12-month high of $4.24. The stock has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $3.16. The company has a market capitalization of $620.08 million, a price-to-earnings ratio of -1.60 and a beta of 2.17.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The company had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. During the same period last year, the business earned $0.03 EPS. Equities analysts forecast that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.
Diversified Healthcare Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.56%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -2.48%.
Diversified Healthcare Trust Company Profile
(
Free Report)
DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.
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