BlackBarn Capital Partners LP grew its position in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 41.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,250,000 shares of the real estate investment trust's stock after acquiring an additional 1,841,503 shares during the quarter. Diversified Healthcare Trust comprises approximately 0.8% of BlackBarn Capital Partners LP's portfolio, making the stock its 8th biggest position. BlackBarn Capital Partners LP owned approximately 2.59% of Diversified Healthcare Trust worth $14,375,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP raised its stake in Diversified Healthcare Trust by 64.4% during the 4th quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 13,388 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth approximately $44,000. Pictet Asset Management Holding SA lifted its holdings in shares of Diversified Healthcare Trust by 134.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,147 shares of the real estate investment trust's stock worth $79,000 after purchasing an additional 19,583 shares during the period. RPO LLC purchased a new position in Diversified Healthcare Trust in the 4th quarter valued at $54,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in 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 valued at $561,000 after buying an additional 23,706 shares during the period. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on DHC shares. B. Riley started coverage on shares of Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a "buy" rating and a $4.50 target price for the company. StockNews.com upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th.
View Our Latest Research Report on Diversified Healthcare Trust
Diversified Healthcare Trust Price Performance
Diversified Healthcare Trust stock traded down $0.01 during midday trading on Friday, reaching $2.27. The company's stock had a trading volume of 520,673 shares, compared to its average volume of 992,657. 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 has a fifty-two week low of $2.00 and a fifty-two week high of $4.24. The stock's 50 day simple moving average is $2.44 and its 200 day simple moving average is $2.57. 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 released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, topping 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 firm had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million.
Diversified Healthcare Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio is currently -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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