Anson Funds Management LP Makes New Investment in Diversified Healthcare Trust (NASDAQ:DHC)

Anson Funds Management LP purchased a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 714,736 shares of the real estate investment trust's stock, valued at approximately $2,995,000. Anson Funds Management LP owned approximately 0.30% of Diversified Healthcare Trust at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. New England Private Wealth Advisors LLC purchased a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $62,000. XTX Topco Ltd purchased a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth $74,000. Creative Planning grew its stake in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 2,767 shares during the period. Metis Global Partners LLC increased its holdings in shares of Diversified Healthcare Trust by 38.8% in the 3rd 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Diversified Healthcare Trust by 68.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 16,456 shares during the period. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC remained flat at $2.57 during midday trading on Friday. The 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 fifty-two week low of $2.19 and a fifty-two week high of $4.24. The company has a market cap of $620.08 million, a P/E ratio of -1.60 and a beta of 2.17. The business has a fifty day moving average of $3.15 and a two-hundred day moving average of $3.16.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The business had revenue of $373.64 million for the quarter, compared to analysts' expectations of $376.80 million. During the same period last year, the company posted $0.03 earnings per share. On average, research analysts forecast that Diversified Healthcare Trust will post 0.05 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced 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 is presently -2.48%.

Wall Street Analyst Weigh In

Several research firms recently commented on DHC. StockNews.com upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada increased their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research report on Monday, October 14th. Finally, JMP Securities reissued a "market perform" rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st.

Diversified Healthcare Trust Profile

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.