Diversified Healthcare Trust (NASDAQ:DHC) Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 82.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 75,293 shares of the real estate investment trust’s stock after acquiring an additional 33,942 shares during the quarter. SG Americas Securities LLC’s holdings in Diversified Healthcare Trust were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackBarn Capital Partners LP increased its stake in Diversified Healthcare Trust by 128.6% in the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after purchasing an additional 2,250,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Diversified Healthcare Trust by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock valued at $3,612,000 after acquiring an additional 40,939 shares in the last quarter. Beryl Capital Management LLC boosted its stake in Diversified Healthcare Trust by 23.3% in the 1st quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust’s stock worth $2,469,000 after purchasing an additional 189,815 shares during the period. Garner Asset Management Corp lifted its holdings in shares of Diversified Healthcare Trust by 2.7% in the first quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock valued at $1,147,000 after purchasing an additional 12,103 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position in shares of Diversified Healthcare Trust by 3.3% in the second quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock worth $1,217,000 after buying an additional 12,769 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHC has been the topic of several recent analyst reports. B. Riley upped their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, August 5th. StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada boosted their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th.

Diversified Healthcare Trust Stock Down 0.5 %

Shares of DHC stock opened at $3.70 on Friday. The stock’s 50 day simple moving average is $3.56 and its 200 day simple moving average is $3.05. Diversified Healthcare Trust has a twelve month low of $1.68 and a twelve month high of $4.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. The company has a market capitalization of $890.11 million, a price-to-earnings ratio of -2.50 and a beta of 2.22.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The firm had revenue of $371.39 million during the quarter, compared to analyst estimates of $372.11 million. Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. During the same quarter in the previous year, the business posted $0.05 earnings per share. As a group, research analysts predict that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.08%. Diversified Healthcare Trust’s payout ratio is -2.70%.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.