Allianz Asset Management GmbH Invests $298,000 in Diversified Healthcare Trust (NASDAQ:DHC)

Key Points

• Allianz Asset Management GmbH has invested approximately $298,000 in Diversified Healthcare Trust by acquiring 123,973 shares, representing 0.05% of the company.
• Wall Street analysts have upgraded Diversified Healthcare Trust's stock rating from a "sell" to a "hold" as of April 10th.
• The company recently announced a quarterly dividend of $0.01 per share, indicating a dividend yield of 1.2%, with a negative payout ratio of -3.28%.

Allianz Asset Management GmbH purchased a new position in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,973 shares of the real estate investment trust's stock, valued at approximately $298,000. Allianz Asset Management GmbH owned 0.05% of Diversified Healthcare Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Deerfield Management Company L.P. Series C purchased a new position in Diversified Healthcare Trust in the fourth quarter worth $36,000. Boothbay Fund Management LLC purchased a new position in Diversified Healthcare Trust in the fourth quarter worth $41,000. Teacher Retirement System of Texas purchased a new position in Diversified Healthcare Trust in the first quarter worth $59,000. BNP Paribas Financial Markets purchased a new position in Diversified Healthcare Trust in the fourth quarter worth $65,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Diversified Healthcare Trust in the fourth quarter worth $76,000. Institutional investors own 75.98% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th.

Diversified Healthcare Trust Price Performance

DHC stock opened at $3.27 on Monday. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.24. The company has a market cap of $788.89 million, a P/E ratio of -2.68 and a beta of 2.52. The firm has a 50-day moving average of $3.49 and a 200 day moving average of $2.86. The company has a debt-to-equity ratio of 1.44, a current ratio of 14.36 and a quick ratio of 14.36.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Diversified Healthcare Trust had a negative net margin of 19.38% and a negative return on equity of 14.46%. The company had revenue of $386.86 million during the quarter, compared to the consensus estimate of $381.19 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. Diversified Healthcare Trust's dividend payout ratio (DPR) is currently -3.28%.

Diversified Healthcare Trust Company 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.

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