Diversified Healthcare Trust (NASDAQ:DHC) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Diversified Healthcare Trust (NASDAQ:DHC) by 68.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,340 shares of the real estate investment trust’s stock after purchasing an additional 16,456 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Diversified Healthcare Trust were worth $169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackBarn Capital Partners LP boosted its holdings in shares of Diversified Healthcare Trust by 128.6% during the 2nd 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. Bank of New York Mellon Corp grew its holdings in Diversified Healthcare Trust by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock valued at $3,612,000 after buying an additional 40,939 shares in the last quarter. Beryl Capital Management LLC increased its stake in shares of Diversified Healthcare Trust by 23.3% in the 1st quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust’s stock worth $2,469,000 after acquiring an additional 189,815 shares during the last quarter. Garner Asset Management Corp raised its holdings in shares of Diversified Healthcare Trust by 2.7% during the 1st quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock worth $1,147,000 after acquiring an additional 12,103 shares during the period. Finally, Wolverine Asset Management LLC boosted its position in shares of Diversified Healthcare Trust by 3.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 12,769 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $3.37 on Thursday. The firm has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $3.07. 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 has a 1-year low of $1.72 and a 1-year high of $4.24. The stock has a market cap of $810.72 million, a PE ratio of -2.28 and a beta of 2.22.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $371.39 million during the quarter, compared to analysts’ expectations of $372.11 million. During the same period in the previous year, the firm earned $0.05 EPS. As a group, analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Monday, October 28th. Diversified Healthcare Trust’s payout ratio is -2.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHC. Royal Bank of Canada lifted 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 note on Monday, October 14th. JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. B. Riley raised their target price 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 downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st.

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.