Diversified Healthcare Trust $DHC Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Stake

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 95.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,200 shares of the real estate investment trust’s stock after selling 211,155 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Diversified Healthcare Trust were worth $88,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Carronade Capital Management LP grew its holdings in shares of Diversified Healthcare Trust by 10.6% during the first quarter. Carronade Capital Management LP now owns 5,268,435 shares of the real estate investment trust’s stock worth $34,982,000 after purchasing an additional 504,898 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Diversified Healthcare Trust in the second quarter valued at about $22,101,000. Bank of America Corp DE raised its holdings in shares of Diversified Healthcare Trust by 90.4% in the first quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock valued at $17,810,000 after buying an additional 1,273,681 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Diversified Healthcare Trust by 231.8% in the second quarter. Allianz Asset Management GmbH now owns 1,767,596 shares of the real estate investment trust’s stock valued at $16,439,000 after buying an additional 1,234,822 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Diversified Healthcare Trust by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,399,804 shares of the real estate investment trust’s stock worth $15,935,000 after buying an additional 138,708 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

DHC stock opened at $7.02 on Monday. The company has a debt-to-equity ratio of 1.57, a current ratio of 5.32 and a quick ratio of 5.32. The company has a 50 day moving average price of $7.70 and a 200 day moving average price of $7.79. Diversified Healthcare Trust has a fifty-two week low of $4.30 and a fifty-two week high of $9.66. The stock has a market capitalization of $1.70 billion, a PE ratio of -10.97 and a beta of 2.34.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The firm had revenue of $367.67 million during the quarter, compared to the consensus estimate of $370.87 million. Diversified Healthcare Trust had a negative net margin of 10.29% and a negative return on equity of 9.51%. Analysts forecast that Diversified Healthcare Trust will post 0.49 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced 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 is Monday, October 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. Diversified Healthcare Trust’s payout ratio is presently -6.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Thursday, October 15th. Finally, Freedom Broker initiated coverage on shares of Diversified Healthcare Trust in a research note on Tuesday, November 3rd. They issued a “strong-buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Diversified Healthcare Trust currently has an average rating of “Moderate Buy” and a consensus target price of $9.83.

Diversified Healthcare Trust Profile

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.