JPMorgan Chase & Co. lifted its stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,233,790 shares of the real estate investment trust's stock after acquiring an additional 369,984 shares during the period. JPMorgan Chase & Co. owned approximately 0.51% of Diversified Healthcare Trust worth $2,838,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $44,000. KLP Kapitalforvaltning AS acquired a new position in shares of Diversified Healthcare Trust in the fourth quarter valued at $76,000. Quantbot Technologies LP lifted its position in Diversified Healthcare Trust by 64.4% in the fourth quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust's stock worth $79,000 after purchasing an additional 13,388 shares during the period. Intech Investment Management LLC boosted its stake in Diversified Healthcare Trust by 132.4% during the fourth quarter. Intech Investment Management LLC now owns 103,558 shares of the real estate investment trust's stock worth $238,000 after buying an additional 59,006 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Diversified Healthcare Trust in the 4th quarter valued at $243,000. Institutional investors own 75.98% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on DHC. StockNews.com raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. B. Riley initiated coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price target for the company.
Read Our Latest Analysis on Diversified Healthcare Trust
Diversified Healthcare Trust Price Performance
NASDAQ:DHC traded down $0.01 during trading hours on Friday, reaching $2.27. The company had a trading volume of 520,673 shares, compared to its average volume of 990,528. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.58. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.24. The firm has a market capitalization of $547.61 million, a PE ratio of -1.41 and a beta of 2.02.
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. The company had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.
Diversified Healthcare Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.76%. Diversified Healthcare Trust's dividend payout ratio is -2.60%.
About Diversified Healthcare Trust
(
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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