Verition Fund Management LLC Has $165,000 Stock Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Verition Fund Management LLC cut its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 39.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,265 shares of the real estate investment trust’s stock after selling 25,650 shares during the period. Verition Fund Management LLC’s holdings in Diversified Healthcare Trust were worth $165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its position in shares of Diversified Healthcare Trust by 14.1% during the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 2,767 shares during the period. Deerfield Management Company L.P. Series C increased its position in shares of Diversified Healthcare Trust by 4.8% during the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 4,055 shares in the last quarter. Metis Global Partners LLC lifted its position in Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 6,603 shares in the last quarter. Algert Global LLC lifted its position in Diversified Healthcare Trust by 3.0% in the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock valued at $939,000 after acquiring an additional 8,878 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Diversified Healthcare Trust by 2.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock worth $1,362,000 after purchasing an additional 8,879 shares during the period. Institutional investors own 75.98% of the company’s stock.

Analysts Set New Price Targets

DHC has been the subject of several recent research reports. Royal Bank of Canada upped their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st.

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $2.45 on Tuesday. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $2.97 and its 200 day simple moving average is $3.16. Diversified Healthcare Trust has a 1-year low of $2.19 and a 1-year high of $4.24. The company has a market cap of $591.12 million, a price-to-earnings ratio of -1.52 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its 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). The firm had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the previous year, the company posted $0.03 earnings per share. On average, research analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.63%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Diversified Healthcare Trust 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.