JPMorgan Chase & Co. Boosts Stock Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

JPMorgan Chase & Co. lifted its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 60.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 863,806 shares of the real estate investment trust’s stock after acquiring an additional 324,787 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of Diversified Healthcare Trust worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Diversified Healthcare Trust by 310.2% in the 3rd quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 245,405 shares in the last quarter. RBF Capital LLC increased its holdings in Diversified Healthcare Trust by 433.1% in the 3rd 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 in the last quarter. Anson Funds Management LP purchased a new position in Diversified Healthcare Trust in the 3rd quarter worth about $2,995,000. BlackBarn Capital Partners LP raised its position in Diversified Healthcare Trust by 128.6% in 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 buying an additional 2,250,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Diversified Healthcare Trust by 51.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,776 shares of the real estate investment trust’s stock valued at $1,139,000 after acquiring an additional 92,287 shares during the period. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Trading Down 1.4 %

Diversified Healthcare Trust stock opened at $2.05 on Friday. The business has a 50-day simple moving average of $2.37 and a two-hundred day simple moving average of $3.06. Diversified Healthcare Trust has a 52-week low of $2.01 and a 52-week high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The company has a market cap of $494.60 million, a P/E ratio of -1.27 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.46). The business had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter last year, the firm posted $0.03 earnings per share. Analysts predict that Diversified Healthcare Trust will post 0.05 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.95%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.