Asset Management One Co. Ltd. Acquires 297,863 Shares of Diversified Healthcare Trust $DHC

Key Points

• Asset Management One acquired 297,863 shares of Diversified Healthcare Trust during the third quarter, valued at approximately $2.34 million and representing about 0.12% of the company. Institutional investors collectively own 75.98% of DHC.
• Analyst sentiment is mixed but leans positive, with DHC receiving an overall “Moderate Buy” rating and an average price target of $9.83. The stock opened at $7.74, compared with a 52-week range of $3.92 to $9.66.
• DHC missed quarterly earnings expectations, reporting a loss of $0.16 per share versus the projected $0.15 loss, while revenue also fell short of estimates. The trust declared a quarterly dividend of $0.01 per share, equivalent to a 0.5% annual yield.

Asset Management One Co. Ltd. acquired a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 297,863 shares of the real estate investment trust's stock, valued at approximately $2,338,000. Asset Management One Co. Ltd. owned about 0.12% of Diversified Healthcare Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cim Investment Management Inc. boosted its position in Diversified Healthcare Trust by 7.4% during the 2nd quarter. Cim Investment Management Inc. now owns 50,105 shares of the real estate investment trust's stock worth $466,000 after buying an additional 3,461 shares during the period. Sterling Capital Management LLC bought a new stake in Diversified Healthcare Trust during the 3rd quarter worth approximately $34,000. Summit Securities Group LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at approximately $31,000. KBC Group NV acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at approximately $35,000. Finally, Western Wealth Management LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 75.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DHC. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings restated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $9.83.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC opened at $7.74 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. Diversified Healthcare Trust has a fifty-two week low of $3.92 and a fifty-two week high of $9.66. The company has a 50 day simple moving average of $7.76 and a two-hundred day simple moving average of $7.76. The company has a market capitalization of $1.87 billion, a PE ratio of 18.14 and a beta of 2.29.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. The firm had revenue of $365.39 million during the quarter, compared to analyst estimates of $370.75 million. Research analysts anticipate that Diversified Healthcare Trust will post 0.60 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th 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 is Monday, October 19th. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -3.60%.

Diversified Healthcare Trust Profile

Diversified Healthcare Trust NASDAQ: DHC is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.

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