Barclays PLC Raises Position in Diversified Healthcare Trust (NASDAQ:DHC)

Barclays PLC increased its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 310.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 324,514 shares of the real estate investment trust’s stock after buying an additional 245,405 shares during the quarter. Barclays PLC’s holdings in Diversified Healthcare Trust were worth $1,360,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in 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 worth $3,612,000 after acquiring an additional 40,939 shares during the period. Wolverine Asset Management LLC lifted its position in shares of Diversified Healthcare Trust by 3.3% during 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 purchasing an additional 12,769 shares in the last quarter. New England Private Wealth Advisors LLC purchased a new position in shares of Diversified Healthcare Trust in the second quarter valued at $62,000. XTX Topco Ltd acquired a new stake in Diversified Healthcare Trust during the 2nd quarter valued at $74,000. Finally, BlackBarn Capital Partners LP increased its stake in Diversified Healthcare Trust by 128.6% during 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 buying an additional 2,250,000 shares during the period. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DHC shares. Royal Bank of Canada upped their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

Diversified Healthcare Trust Stock Down 1.8 %

NASDAQ:DHC opened at $2.17 on Friday. The company has a market capitalization of $523.57 million, a price-to-earnings ratio of -1.35 and a beta of 2.17. The stock has a 50-day simple moving average of $2.72 and a 200 day simple moving average of $3.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. Diversified Healthcare Trust has a one year low of $2.15 and a one year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same quarter in the previous year, the firm earned $0.03 EPS. Sell-side analysts predict that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.84%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.48%.

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.