BlackBarn Capital Partners LP lifted its position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 41.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,250,000 shares of the real estate investment trust's stock after purchasing an additional 1,841,503 shares during the quarter. Diversified Healthcare Trust comprises 0.8% of BlackBarn Capital Partners LP's investment portfolio, making the stock its 8th biggest holding. BlackBarn Capital Partners LP owned approximately 2.59% of Diversified Healthcare Trust worth $14,375,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHC. Dimensional Fund Advisors LP grew its holdings in Diversified Healthcare Trust by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,326 shares of the real estate investment trust's stock worth $4,738,000 after purchasing an additional 89,415 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Diversified Healthcare Trust by 10.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 244,615 shares of the real estate investment trust's stock worth $561,000 after purchasing an additional 23,706 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $360,000. Barclays PLC grew its stake in shares of Diversified Healthcare Trust by 12.2% in the 4th quarter. Barclays PLC now owns 364,065 shares of the real estate investment trust's stock worth $838,000 after buying an additional 39,551 shares during the last quarter. Finally, Invesco Ltd. increased its position in Diversified Healthcare Trust by 5.0% during the 4th quarter. Invesco Ltd. now owns 772,528 shares of the real estate investment trust's stock valued at $1,777,000 after buying an additional 36,949 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DHC has been the topic of several analyst reports. B. Riley began coverage on Diversified Healthcare Trust in a report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 target price on the stock. StockNews.com upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th.
View Our Latest Report on DHC
Diversified Healthcare Trust Stock Down 0.4 %
Shares of DHC traded down $0.01 on Friday, hitting $2.27. 520,673 shares of the stock traded hands, compared to its average volume of 990,528. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.24. The company has a market capitalization of $547.61 million, a PE ratio of -1.41 and a beta of 2.02. The business has a 50 day simple moving average of $2.44 and a 200 day simple moving average of $2.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.31. 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 $379.62 million for the quarter, compared to the consensus estimate of $370.97 million.
Diversified Healthcare Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio (DPR) is -2.60%.
Diversified Healthcare Trust Company Profile
(
Free Report)
Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.
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