Renaissance Technologies LLC increased its holdings in Diversified Healthcare Trust (NASDAQ:DHC – Free Report) by 24.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,000 shares of the real estate investment trust’s stock after purchasing an additional 62,200 shares during the period. Renaissance Technologies LLC owned 0.13% of Diversified Healthcare Trust worth $2,092,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in Diversified Healthcare Trust during the 1st quarter valued at approximately $31,000. KBC Group NV purchased a new position in shares of Diversified Healthcare Trust in the first quarter worth $35,000. CWM LLC lifted its holdings in shares of Diversified Healthcare Trust by 174.5% in the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 4,167 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Diversified Healthcare Trust during the second quarter worth $28,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Diversified Healthcare Trust during the fourth quarter worth $49,000. 75.98% of the stock is currently owned by institutional investors.
Diversified Healthcare Trust Trading Down 4.6%
Shares of NASDAQ DHC opened at $8.41 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The business’s 50 day moving average price is $8.99 and its 200-day moving average price is $7.80. Diversified Healthcare Trust has a fifty-two week low of $3.35 and a fifty-two week high of $9.66. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -7.58 and a beta of 2.30.
Diversified Healthcare Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.60%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. B. Riley Financial raised their price objective on Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Freedom Capital upgraded Diversified Healthcare Trust to a “strong-buy” rating in a report on Thursday, April 30th. Maxim Group lifted their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada raised their target price on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Diversified Healthcare Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.
View Our Latest Research Report on DHC
Diversified Healthcare Trust Profile
Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.
The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.
Featured Stories
- Five stocks we like better than Diversified Healthcare Trust
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding DHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diversified Healthcare Trust (NASDAQ:DHC – Free Report).
Receive News & Ratings for Diversified Healthcare Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversified Healthcare Trust and related companies with MarketBeat.com's FREE daily email newsletter.
