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

Barclays PLC increased its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 310.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 324,514 shares of the real estate investment trust’s stock after acquiring an additional 245,405 shares during the quarter. Barclays PLC owned approximately 0.13% of Diversified Healthcare Trust worth $1,360,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackBarn Capital Partners LP boosted its holdings in shares of Diversified Healthcare Trust by 128.6% during 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 purchasing an additional 2,250,000 shares during the last quarter. RBF Capital LLC lifted its position in Diversified Healthcare Trust by 433.1% during the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock worth $5,447,000 after buying an additional 1,056,131 shares during the period. Anson Funds Management LP acquired a new stake in Diversified Healthcare Trust in the 3rd quarter worth about $2,995,000. Jacobs Levy Equity Management Inc. purchased a new stake in Diversified Healthcare Trust in the 3rd quarter valued at about $2,197,000. Finally, GSA Capital Partners LLP purchased a new stake in Diversified Healthcare Trust in the 3rd quarter valued at about $648,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $2.17 on Friday. The company has a market cap of $523.57 million, a price-to-earnings ratio of -1.35 and a beta of 2.17. Diversified Healthcare Trust has a 12 month low of $2.15 and a 12 month high of $4.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The stock’s 50-day moving average is $2.72 and its 200-day moving average is $3.13.

Diversified Healthcare Trust (NASDAQ:DHC) last posted 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 business had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period last year, the company posted $0.03 EPS. Equities analysts anticipate that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

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 $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. 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 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 note on Friday, November 8th.

Diversified Healthcare Trust Company 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.