Point72 Asia Singapore Pte. Ltd. Has $142,000 Position in Diversified Healthcare Trust (NASDAQ:DHC)

Point72 Asia Singapore Pte. Ltd. lessened its position in Diversified Healthcare Trust (NASDAQ:DHC) by 38.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,466 shares of the real estate investment trust’s stock after selling 29,026 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Diversified Healthcare Trust were worth $142,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Diversified Healthcare Trust by 99.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 7,629 shares during the last quarter. Atomi Financial Group Inc. bought a new position in 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 during the 2nd quarter worth approximately $62,000. XTX Topco Ltd bought a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Diversified Healthcare Trust in the 1st quarter valued at approximately $187,000. Institutional investors own 75.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. B. Riley upped their price target 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. StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Finally, JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st.

Diversified Healthcare Trust Price Performance

NASDAQ:DHC opened at $3.77 on Friday. The firm’s fifty day moving average price is $3.39 and its two-hundred day moving average price is $2.90. The company has a debt-to-equity ratio of 1.36, a current ratio of 11.63 and a quick ratio of 11.63. The company has a market cap of $906.95 million, a P/E ratio of -2.75 and a beta of 2.22. Diversified Healthcare Trust has a one year low of $1.68 and a one year high of $4.00.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.44). Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. The company had revenue of $371.39 million during the quarter, compared to the consensus estimate of $372.11 million. During the same period in the prior year, the company earned $0.05 earnings per share. Equities analysts expect that Diversified Healthcare Trust will post 0.2 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, July 22nd. Diversified Healthcare Trust’s payout ratio is -2.92%.

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.