Caxton Associates LLP Takes $453,000 Position in Diversified Healthcare Trust $DHC

Key Points

• Caxton Associates LLP has acquired 188,716 shares of Diverse Healthcare Trust, valued at approximately $453,000, marking its first investment in the company during the first quarter of the year.
• In addition to Caxton, Goldman Sachs Group Inc. increased its stake by 158.9% to own approximately 3.86 million shares, showcasing strong interest from institutional investors in DHC.
• DHC reported earnings of $0.08 per share, meeting expectations, along with a quarterly dividend announcement of $0.01, translating to an annualized yield of 0.9%.

Caxton Associates LLP acquired a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 188,716 shares of the real estate investment trust's stock, valued at approximately $453,000. Caxton Associates LLP owned 0.08% of Diversified Healthcare Trust at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Northern Trust Corp boosted its holdings in Diversified Healthcare Trust by 9.6% in the 4th quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust's stock valued at $4,908,000 after purchasing an additional 187,208 shares during the period. BNP Paribas Financial Markets bought a new stake in Diversified Healthcare Trust in the 4th quarter valued at $65,000. Bank of America Corp DE boosted its holdings in Diversified Healthcare Trust by 56.9% in the 4th quarter. Bank of America Corp DE now owns 211,711 shares of the real estate investment trust's stock valued at $487,000 after purchasing an additional 76,820 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Diversified Healthcare Trust by 52.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 74,292 shares of the real estate investment trust's stock valued at $171,000 after purchasing an additional 25,595 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Diversified Healthcare Trust by 42.7% in the 4th quarter. Deutsche Bank AG now owns 208,692 shares of the real estate investment trust's stock valued at $480,000 after purchasing an additional 62,468 shares during the period. 75.98% of the stock is owned by institutional investors.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock traded down $0.06 during mid-day trading on Tuesday, reaching $4.37. The company had a trading volume of 785,268 shares, compared to its average volume of 917,465. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $4.57. The company has a 50 day moving average of $3.68 and a 200-day moving average of $3.14. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -3.67 and a beta of 2.62.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%. The firm had revenue of $382.71 million during the quarter, compared to the consensus estimate of $382.74 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were paid a $0.01 dividend. The ex-dividend date was Monday, July 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.9%. Diversified Healthcare Trust's dividend payout ratio is currently -3.36%.

About Diversified Healthcare Trust

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.