Aristeia Capital L.L.C. bought a new stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 163,066 shares of the real estate investment trust's stock, valued at approximately $391,000. Aristeia Capital L.L.C. owned approximately 0.07% of Diversified Healthcare Trust at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at about $34,000. Brooklyn Investment Group boosted its stake in shares of Diversified Healthcare Trust by 296.3% in the 1st quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 13,588 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Diversified Healthcare Trust in the 1st quarter valued at about $45,000. Teacher Retirement System of Texas purchased a new position in shares of Diversified Healthcare Trust in the 1st quarter valued at about $59,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $65,000. 75.98% of the stock is owned by institutional investors and hedge funds.
Diversified Healthcare Trust Stock Down 1.8%
Shares of DHC traded down $0.08 during midday trading on Friday, hitting $4.45. The company had a trading volume of 697,667 shares, compared to its average volume of 692,644. The company's 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 6.35 and a current ratio of 6.35. The firm has a market capitalization of $1.07 billion, a P/E ratio of -3.74 and a beta of 2.62. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.56.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $382.71 million during the quarter, compared to analysts' expectations of $382.74 million. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.
Diversified Healthcare Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, July 21st. Diversified Healthcare Trust's dividend payout ratio is -3.36%.
Diversified Healthcare Trust Company Profile
(
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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