Dimensional Fund Advisors LP grew its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,399,804 shares of the real estate investment trust's stock after buying an additional 138,708 shares during the period. Dimensional Fund Advisors LP owned 0.99% of Diversified Healthcare Trust worth $15,935,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Diversified Healthcare Trust by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 19,768,282 shares of the real estate investment trust's stock worth $95,876,000 after acquiring an additional 205,285 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Diversified Healthcare Trust by 13.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,108,830 shares of the real estate investment trust's stock worth $24,778,000 after purchasing an additional 619,750 shares in the last quarter. Carronade Capital Management LP grew its position in Diversified Healthcare Trust by 4.4% during the 4th quarter. Carronade Capital Management LP now owns 4,763,537 shares of the real estate investment trust's stock valued at $23,103,000 after purchasing an additional 201,789 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust's stock valued at $9,270,000 after purchasing an additional 2,370,459 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in Diversified Healthcare Trust by 123.1% during the 4th quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust's stock valued at $15,661,000 after purchasing an additional 1,781,839 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on DHC shares. Freedom Capital raised shares of Diversified Healthcare Trust to a "strong-buy" rating in a research report on Thursday, April 30th. Maxim Group boosted their price objective on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their price objective on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a "sector perform" rating in a research report on Thursday, June 18th. Weiss Ratings restated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a report on Friday, July 17th. Finally, B. Riley Financial boosted their target price on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. One research 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.83.
Check Out Our Latest Research Report on DHC
Diversified Healthcare Trust Price Performance
Shares of NASDAQ:DHC opened at $8.82 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 5.36 and a current ratio of 4.66. The firm has a fifty day moving average price of $8.99 and a 200 day moving average price of $7.77. Diversified Healthcare Trust has a fifty-two week low of $3.29 and a fifty-two week high of $9.66. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -7.95 and a beta of 2.30.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced 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). The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million. Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. As a group, sell-side analysts expect that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.
Diversified Healthcare Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, July 20th. Diversified Healthcare Trust's dividend payout ratio is currently -3.60%.
Diversified Healthcare Trust Company Profile
(
Free Report)
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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