Mackenzie Financial Corp Lowers Stake in Diversified Healthcare Trust (NASDAQ:DHC)

Mackenzie Financial Corp lessened its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 27.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,726 shares of the real estate investment trust’s stock after selling 7,970 shares during the period. Mackenzie Financial Corp’s holdings in Diversified Healthcare Trust were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C grew its position in Diversified Healthcare Trust by 4.8% during the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 4,055 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Diversified Healthcare Trust by 2.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock worth $602,000 after purchasing an additional 4,974 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake 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 in the last quarter. Garner Asset Management Corp lifted its stake in shares of Diversified Healthcare Trust by 2.7% during the first quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 12,103 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake 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. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Wall Street Analysts Forecast Growth

DHC has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. B. Riley boosted their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st.

Diversified Healthcare Trust Trading Up 2.4 %

NASDAQ:DHC opened at $3.83 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. Diversified Healthcare Trust has a one year low of $1.68 and a one year high of $4.24. The business’s 50-day simple moving average is $3.48 and its 200 day simple moving average is $2.98. The stock has a market cap of $921.63 million, a price-to-earnings ratio of -2.80 and a beta of 2.22.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate 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 business had revenue of $371.39 million during the quarter, compared to analyst estimates of $372.11 million. During the same quarter last year, the firm posted $0.05 EPS. As a group, sell-side analysts predict that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, July 22nd. Diversified Healthcare Trust’s dividend payout ratio (DPR) 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.