Public Employees Retirement System of Ohio Invests $2.40 Million in Diversified Healthcare Trust $DHC

Public Employees Retirement System of Ohio acquired a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the 2nd quarter, HoldingsChannel reports. The fund acquired 257,877 shares of the real estate investment trust’s stock, valued at approximately $2,398,000.

Several other institutional investors have also recently bought and sold shares of DHC. Bank of New York Mellon Corp acquired a new position in Diversified Healthcare Trust during the 2nd quarter worth $22,101,000. Militia Capital Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the first quarter valued at about $1,422,000. Western Wealth Management LLC bought a new position in shares of Diversified Healthcare Trust in the first quarter worth about $38,000. Bank of America Corp DE increased its stake 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 worth $17,810,000 after purchasing an additional 1,273,681 shares during the period. Finally, Amundi acquired a new position in shares of Diversified Healthcare Trust during the 1st quarter worth about $847,000. Institutional investors own 75.98% of the company’s stock.

Wall Street Analysts Forecast Growth

DHC has been the subject of several recent analyst reports. Royal Bank Of Canada increased their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. B. Riley Financial upped their price target on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Maxim Group increased their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.83.

Diversified Healthcare Trust Stock Down 2.1%

Shares of DHC opened at $7.51 on Friday. 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 company has a 50-day simple moving average of $8.66 and a 200-day simple moving average of $8.05. Diversified Healthcare Trust has a 52 week low of $3.82 and a 52 week high of $9.66. The firm has a market capitalization of $1.82 billion, a P/E ratio of -6.77 and a beta of 2.29.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%.The firm had revenue of $365.39 million for the quarter, compared to analyst estimates of $370.75 million. On average, equities research analysts expect that Diversified Healthcare Trust will post 0.6 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued 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 of this dividend was Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.60%.

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.