Public Employees Retirement System of Ohio Makes New Investment in Diversified Healthcare Trust $DHC

Key Points

• Public Employees Retirement System of Ohio purchased 257,877 shares of Diversified Healthcare Trust, valued at approximately $2.4 million, giving it a 0.11% stake. Institutional investors collectively own 75.98% of the REIT.
• Diversified Healthcare Trust reported quarterly revenue of $365.39 million and a loss of $0.16 per share, missing analysts’ estimates. The stock opened at $7.51, down 2.1%, and has traded between $3.82 and $9.66 over the past year.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $9.83. The company also paid a quarterly dividend of $0.01 per share, representing a 0.5% annualized yield.

Public Employees Retirement System of Ohio purchased a new stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 257,877 shares of the real estate investment trust's stock, valued at approximately $2,398,000. Public Employees Retirement System of Ohio owned about 0.11% of Diversified Healthcare Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arini Captial Management Ltd bought a new stake in Diversified Healthcare Trust during the fourth quarter worth approximately $14,400,000. Bank of New York Mellon Corp bought a new position in shares of Diversified Healthcare Trust in the second quarter valued at $22,101,000. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 2,370,459 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of 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 acquiring an additional 1,781,839 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Diversified Healthcare Trust by 90.4% during the 1st quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust's stock worth $17,810,000 after acquiring an additional 1,273,681 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Stock Down 2.1%

Diversified Healthcare Trust stock opened at $7.51 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of -6.77 and a beta of 2.29. The firm's fifty day simple moving average is $8.66 and its 200-day simple moving average is $8.05. 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 1-year low of $3.82 and a 1-year high of $9.66.

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 (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 business had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million. Sell-side analysts forecast that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued a dividend of $0.01 per share. 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 currently -3.60%.

Wall Street Analysts Forecast Growth

DHC has been the topic of a number of recent research reports. Wall Street Zen upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Maxim Group raised their target price on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. B. Riley Financial raised their target price on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Diversified Healthcare Trust in a report on Friday, July 17th. Finally, Royal Bank Of Canada boosted their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.83.

Diversified Healthcare Trust Company Profile

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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