Cibc World Markets Corp Takes Position in Diversified Healthcare Trust (NASDAQ:DHC)

Cibc World Markets Corp bought a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 430,441 shares of the real estate investment trust's stock, valued at approximately $990,000. Cibc World Markets Corp owned approximately 0.18% of Diversified Healthcare Trust as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Diversified Healthcare Trust during the fourth quarter worth $44,000. Intech Investment Management LLC purchased a new position in shares of Diversified Healthcare Trust in the third quarter valued at $187,000. Corsair Capital Management L.P. purchased a new position in shares of Diversified Healthcare Trust in the third quarter valued at $314,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth $341,000. Finally, SG Americas Securities LLC boosted its position in shares of Diversified Healthcare Trust by 55.1% in the 4th quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust's stock worth $269,000 after buying an additional 41,489 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th.

Remove Ads

Diversified Healthcare Trust Price Performance

DHC stock traded up $0.01 during trading on Wednesday, hitting $2.43. The stock had a trading volume of 496,981 shares, compared to its average volume of 963,876. The stock has a market cap of $586.29 million, a price-to-earnings ratio of -1.51 and a beta of 2.15. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company's 50 day moving average price is $2.52 and its two-hundred day moving average price is $2.81. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $379.62 million during the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust's dividend payout ratio is presently -2.60%.

Diversified Healthcare Trust Profile

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.