Victory Financial Group LLC Makes New Investment in Diversified Healthcare Trust $DHC

Victory Financial Group LLC bought a new stake in Diversified Healthcare Trust (NASDAQ:DHC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,136 shares of the real estate investment trust’s stock, valued at approximately $660,000.

Other large investors have also added to or reduced their stakes in the company. Carronade Capital Management LP increased its stake in Diversified Healthcare Trust by 10.6% during the 1st quarter. Carronade Capital Management LP now owns 5,268,435 shares of the real estate investment trust’s stock worth $34,982,000 after buying an additional 504,898 shares during the period. Bank of America Corp DE increased its position in shares of Diversified Healthcare Trust by 90.4% during the first quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock worth $17,810,000 after acquiring an additional 1,273,681 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Diversified Healthcare Trust by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,399,804 shares of the real estate investment trust’s stock worth $15,935,000 after acquiring an additional 138,708 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Diversified Healthcare Trust by 125.1% during the first quarter. Bank of New York Mellon Corp now owns 2,390,413 shares of the real estate investment trust’s stock worth $15,872,000 after acquiring an additional 1,328,648 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Diversified Healthcare Trust by 30.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,354,824 shares of the real estate investment trust’s stock worth $15,636,000 after acquiring an additional 552,794 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Trading Up 0.5%

NASDAQ DHC opened at $7.80 on Thursday. Diversified Healthcare Trust has a 12 month low of $3.92 and a 12 month high of $9.66. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.66 and a quick ratio of 4.67. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -7.03 and a beta of 2.29. The company’s fifty day moving average price is $7.78 and its two-hundred day moving average price is $7.72.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The company had revenue of $365.39 million for the quarter, compared to analyst estimates of $370.75 million. Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. As a group, research analysts predict that Diversified Healthcare Trust will post 0.60 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.60%.

Analyst Upgrades and Downgrades

DHC has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Diversified Healthcare Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

About Diversified Healthcare Trust

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.