D. E. Shaw & Co. Inc. lessened its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,134,337 shares of the real estate investment trust's stock after selling 329,315 shares during the quarter. D. E. Shaw & Co. Inc. owned 5.46% of Diversified Healthcare Trust worth $40,060,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of Diversified Healthcare Trust by 99.5% during 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 purchasing an additional 7,629 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Diversified Healthcare Trust in the first quarter valued at approximately $46,000. New England Private Wealth Advisors LLC acquired a new position in shares of Diversified Healthcare Trust in the second quarter valued at approximately $62,000. XTX Topco Ltd bought a new stake in shares of Diversified Healthcare Trust during the second quarter worth $74,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Diversified Healthcare Trust in the 1st quarter worth $187,000. 75.98% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. StockNews.com lowered Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 31st. JMP Securities reaffirmed a "market perform" rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, B. Riley boosted their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Monday, August 5th.
Get Our Latest Stock Analysis on Diversified Healthcare Trust
DHC stock opened at $3.77 on Friday. Diversified Healthcare Trust has a twelve month low of $1.68 and a twelve month high of $4.00. The company has a market cap of $906.95 million, a price-to-earnings ratio of -2.75 and a beta of 2.22. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The business has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $2.90.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued 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 return on equity of 15.36% and a negative net margin of 24.14%. The firm had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Analysts anticipate that Diversified Healthcare Trust will post 0.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Monday, July 22nd. Diversified Healthcare Trust's payout ratio is currently -2.92%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Diversified Healthcare Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diversified Healthcare Trust wasn't on the list.
While Diversified Healthcare Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.