Amundi Makes New $847,000 Investment in Diversified Healthcare Trust $DHC

Key Points

• Amundi purchased 127,594 shares of Diversified Healthcare Trust in the first quarter, valued at approximately $847,000, giving it a 0.05% stake. Institutional investors collectively own 75.98% of DHC.
• DHC reported quarterly revenue of $365.39 million and a loss of $0.16 per share, slightly missing analyst expectations. The stock opened at $8.82, compared with a consensus price target of $9.83.
• The REIT declared a quarterly dividend of $0.01 per share, equivalent to an annualized $0.04 payout and a 0.5% yield. Analyst sentiment is moderately bullish, though ratings range from Strong Buy to Sell.

Amundi bought a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 127,594 shares of the real estate investment trust's stock, valued at approximately $847,000. Amundi owned 0.05% of Diversified Healthcare Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Eversept Partners LP purchased a new stake in Diversified Healthcare Trust during the 1st quarter valued at $1,005,000. The Manufacturers Life Insurance Company increased its position in Diversified Healthcare Trust by 46.0% during the first quarter. The Manufacturers Life Insurance Company now owns 97,117 shares of the real estate investment trust's stock valued at $645,000 after acquiring an additional 30,582 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Diversified Healthcare Trust by 39.2% in the first quarter. Quantinno Capital Management LP now owns 73,599 shares of the real estate investment trust's stock valued at $489,000 after acquiring an additional 20,731 shares during the period. Carronade Capital Management LP boosted its position in Diversified Healthcare Trust by 10.6% in the first quarter. Carronade Capital Management LP now owns 5,268,435 shares of the real estate investment trust's stock worth $34,982,000 after purchasing an additional 504,898 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Diversified Healthcare Trust by 24.6% in the first quarter. Renaissance Technologies LLC now owns 315,000 shares of the real estate investment trust's stock worth $2,092,000 after purchasing an additional 62,200 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Price Performance

Shares of DHC stock opened at $8.82 on Monday. Diversified Healthcare Trust has a one year low of $3.29 and a one year high of $9.66. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.66 and a quick ratio of 4.67. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -7.95 and a beta of 2.30. The company's fifty day moving average price is $8.99 and its 200-day moving average price is $7.78.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $365.39 million during the quarter, compared to analysts' expectations of $370.75 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. Sell-side analysts expect that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 20th. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DHC shares. Freedom Capital raised shares of Diversified Healthcare Trust to a "strong-buy" rating in a report on Thursday, April 30th. B. Riley Financial upped their target price on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday. Maxim Group lifted their price target on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Diversified Healthcare Trust presently has an average rating of "Moderate Buy" and a consensus price target of $9.83.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company's portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.

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