Diversified Healthcare Trust (NASDAQ:DHC) Holdings Increased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,447 shares of the real estate investment trust’s stock after acquiring an additional 86,353 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.17% of Diversified Healthcare Trust worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DHC. Bank of New York Mellon Corp raised its position in Diversified Healthcare Trust by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock worth $3,612,000 after acquiring an additional 40,939 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Diversified Healthcare Trust by 3.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock worth $1,217,000 after purchasing an additional 12,769 shares during the last quarter. New England Private Wealth Advisors LLC bought a new stake in shares of Diversified Healthcare Trust in the 2nd quarter worth approximately $62,000. XTX Topco Ltd acquired a new stake in Diversified Healthcare Trust during the second quarter valued at approximately $74,000. Finally, BlackBarn Capital Partners LP grew its position in Diversified Healthcare Trust by 128.6% in the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after buying an additional 2,250,000 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Down 6.6 %

NASDAQ:DHC opened at $2.28 on Thursday. The business’s fifty day moving average price is $2.95 and its 200 day moving average price is $3.16. The firm has a market capitalization of $550.11 million, a price-to-earnings ratio of -1.42 and a beta of 2.17. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.19 and a 1-year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). 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 $373.64 million during the quarter, compared to analysts’ expectations of $376.80 million. During the same period last year, the company earned $0.03 earnings per share. On average, sell-side analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Royal Bank of Canada raised their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. Finally, StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

About Diversified Healthcare Trust

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.