Barclays PLC Acquires 245,405 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Barclays PLC grew its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 310.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,514 shares of the real estate investment trust's stock after buying an additional 245,405 shares during the period. Barclays PLC owned 0.13% of Diversified Healthcare Trust worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DHC. BlackBarn Capital Partners LP increased its holdings in Diversified Healthcare Trust by 128.6% in the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust's stock valued at $12,200,000 after acquiring an additional 2,250,000 shares during the last quarter. RBF Capital LLC grew its position in shares of Diversified Healthcare Trust by 433.1% during the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust's stock valued at $5,447,000 after purchasing an additional 1,056,131 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Diversified Healthcare Trust by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust's stock valued at $3,612,000 after purchasing an additional 40,939 shares in the last quarter. Anson Funds Management LP bought a new stake in shares of Diversified Healthcare Trust in the third quarter worth about $2,995,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Diversified Healthcare Trust in the third quarter worth about $2,197,000. Hedge funds and other institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC traded down $0.04 during mid-day trading on Friday, hitting $2.17. 992,393 shares of the company's stock traded hands, compared to its average volume of 1,058,056. The company has a market capitalization of $523.57 million, a P/E ratio of -1.35 and a beta of 2.17. Diversified Healthcare Trust has a 1 year low of $2.15 and a 1 year high of $4.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company's 50-day moving average is $2.72 and its two-hundred day moving average is $3.13.

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

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.84%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust's payout ratio is -2.48%.

Wall Street Analysts Forecast Growth

DHC has been the subject of several research analyst reports. StockNews.com upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Royal Bank of Canada increased their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research report on Monday, October 14th.

About Diversified Healthcare Trust

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.