Jacobs Levy Equity Management Inc. reduced its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,773 shares of the real estate investment trust's stock after selling 392,479 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.05% of Diversified Healthcare Trust worth $303,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. BlackBarn Capital Partners LP boosted its stake in Diversified Healthcare Trust by 41.8% in the fourth quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust's stock valued at $14,375,000 after buying an additional 1,841,503 shares in the last quarter. Geode Capital Management LLC boosted its stake in Diversified Healthcare Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,696,513 shares of the real estate investment trust's stock valued at $13,105,000 after buying an additional 29,062 shares in the last quarter. Northern Trust Corp boosted its stake in Diversified Healthcare Trust by 9.6% in the fourth quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust's stock valued at $4,908,000 after buying an additional 187,208 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Diversified Healthcare Trust by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,326 shares of the real estate investment trust's stock valued at $4,738,000 after buying an additional 89,415 shares in the last quarter. Finally, CastleKnight Management LP boosted its stake in Diversified Healthcare Trust by 30.1% in the fourth quarter. CastleKnight Management LP now owns 1,845,842 shares of the real estate investment trust's stock valued at $4,245,000 after buying an additional 427,400 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.
Diversified Healthcare Trust Trading Up 4.3%
Diversified Healthcare Trust stock traded up $0.13 during trading hours on Friday, hitting $3.14. The stock had a trading volume of 712,133 shares, compared to its average volume of 1,004,084. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a market cap of $757.53 million, a price-to-earnings ratio of -1.95 and a beta of 2.37. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.24. The business's 50 day simple moving average is $2.51 and its 200-day simple moving average is $2.48.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The company had revenue of $386.86 million during the quarter, compared to the consensus estimate of $381.19 million.
Diversified Healthcare Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.27%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.28%.
Analysts Set New Price Targets
Several analysts recently weighed in on DHC shares. B. Riley began coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price objective on the stock. Wall Street Zen upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th.
Check Out Our Latest Analysis on Diversified Healthcare Trust
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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