Garner Asset Management Corp Has $1.41 Million Stake in Diversified Healthcare Trust (NASDAQ:DHC)

Garner Asset Management Corp reduced its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 460,779 shares of the real estate investment trust’s stock after selling 5,652 shares during the quarter. Garner Asset Management Corp owned about 0.19% of Diversified Healthcare Trust worth $1,405,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in Diversified Healthcare Trust by 99.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 7,629 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Diversified Healthcare Trust in the first quarter worth $46,000. Simplicity Wealth LLC acquired a new stake in shares of Diversified Healthcare Trust in the first quarter worth $56,000. New England Private Wealth Advisors LLC bought a new position in Diversified Healthcare Trust during the second quarter worth $62,000. Finally, Victory Capital Management Inc. raised its stake in Diversified Healthcare Trust by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 5,379 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Diversified Healthcare Trust Trading Up 1.6 %

Shares of Diversified Healthcare Trust stock opened at $3.74 on Thursday. The company’s fifty day moving average price is $3.32 and its two-hundred day moving average price is $2.86. The firm has a market capitalization of $899.97 million, a PE ratio of -2.73 and a beta of 2.22. Diversified Healthcare Trust has a 52-week low of $1.68 and a 52-week high of $3.96. 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 posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.44). The business had revenue of $371.39 million during the quarter, compared to analyst estimates of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same period last year, the company earned $0.05 EPS. On average, analysts expect that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were given a dividend of $0.01 per share. The ex-dividend date was Monday, July 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.07%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -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.