Diversified Healthcare Trust $DHC Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 231.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,767,596 shares of the real estate investment trust's stock after purchasing an additional 1,234,822 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.73% of Diversified Healthcare Trust worth $16,439,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Metis Global Partners LLC increased its stake in Diversified Healthcare Trust by 5.3% during the fourth quarter. Metis Global Partners LLC now owns 51,564 shares of the real estate investment trust's stock worth $250,000 after acquiring an additional 2,595 shares during the last quarter. ProShare Advisors LLC lifted its stake in Diversified Healthcare Trust by 7.0% during the 4th quarter. ProShare Advisors LLC now owns 40,167 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 2,616 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Diversified Healthcare Trust by 24.1% during the 4th quarter. Corient Private Wealth LLC now owns 15,664 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 3,043 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Diversified Healthcare Trust by 20.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 3,500 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Diversified Healthcare Trust by 4.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 82,348 shares of the real estate investment trust's stock valued at $399,000 after acquiring an additional 3,803 shares during the period. 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. Maxim Group upped their target price 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. Royal Bank Of Canada lifted their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a "sector perform" rating in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, B. Riley Financial raised 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Diversified Healthcare Trust has a consensus rating of "Moderate Buy" and an average target price of $9.83.

Diversified Healthcare Trust Stock Up 1.2%

DHC stock opened at $7.60 on Wednesday. The company has a current ratio of 4.66, a quick ratio of 4.67 and a debt-to-equity ratio of 1.52. Diversified Healthcare Trust has a twelve month low of $3.92 and a twelve month high of $9.66. The company's 50 day moving average is $8.58 and its two-hundred day moving average is $8.07. The stock has a market cap of $1.84 billion, a P/E ratio of -6.85 and a beta of 2.29.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $365.39 million for the quarter, compared to analysts' expectations of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. Research 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 was paid on Thursday, August 13th. Investors of record on Monday, July 20th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. Diversified Healthcare Trust's dividend payout ratio is -3.60%.

About Diversified Healthcare Trust

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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