Caxton Associates LP Sells 27,338 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Caxton Associates LP reduced its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 9.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 272,245 shares of the real estate investment trust’s stock after selling 27,338 shares during the period. Caxton Associates LP owned approximately 0.11% of Diversified Healthcare Trust worth $830,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DHC. Allspring Global Investments Holdings LLC boosted its stake in Diversified Healthcare Trust by 99.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 7,629 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Diversified Healthcare Trust in the 1st quarter worth approximately $46,000. New England Private Wealth Advisors LLC purchased a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at $62,000. XTX Topco Ltd purchased a new stake in Diversified Healthcare Trust during the second quarter valued at about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Diversified Healthcare Trust in the first quarter worth about $187,000. 75.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DHC. B. Riley raised their target price on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 5th. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Finally, JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st.

Diversified Healthcare Trust Stock Down 1.3 %

Shares of Diversified Healthcare Trust stock opened at $3.73 on Friday. Diversified Healthcare Trust has a 1 year low of $1.68 and a 1 year high of $4.00. The firm has a market cap of $897.57 million, a price-to-earnings ratio of -2.72 and a beta of 2.22. The company has a 50-day moving average of $3.38 and a 200 day moving average of $2.89. The company has a debt-to-equity ratio of 1.36, a current ratio of 11.63 and a quick ratio of 11.63.

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

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Monday, July 22nd. Diversified Healthcare Trust’s payout ratio is -2.92%.

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.