LDR Capital Management LLC Has $2.07 Million Position in Diversified Healthcare Trust $DHC

LDR Capital Management LLC trimmed its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 34.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 468,214 shares of the real estate investment trust’s stock after selling 246,862 shares during the quarter. Diversified Healthcare Trust accounts for about 3.0% of LDR Capital Management LLC’s portfolio, making the stock its 10th largest holding. LDR Capital Management LLC’s holdings in Diversified Healthcare Trust were worth $2,065,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DHC. Raymond James Financial Inc. purchased a new position in Diversified Healthcare Trust during the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC boosted its position in Diversified Healthcare Trust by 169.2% during the second quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 6,387 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Diversified Healthcare Trust in the third quarter valued at about $75,000. Tower Research Capital LLC TRC raised its stake in shares of Diversified Healthcare Trust by 222.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 24,008 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 16,556 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter valued at about $87,000. 75.98% of the stock is owned by institutional investors.

Insider Transactions at Diversified Healthcare Trust

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto bought 20,000 shares of the stock in a transaction on Monday, December 15th. The shares were purchased at an average price of $4.89 per share, with a total value of $97,800.00. Following the acquisition, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at $1,302,133.65. This represents a 8.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 10.06% of the stock is owned by company insiders.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock opened at $5.86 on Tuesday. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $4.29. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -4.03 and a beta of 2.42. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $6.04.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The firm had revenue of $388.71 million during the quarter, compared to the consensus estimate of $382.10 million. Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, January 26th. This represents a $0.04 annualized dividend and a yield of 0.7%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.74%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $3.00 to $5.00 in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, October 8th. Finally, B. Riley restated a “buy” rating and set a $6.50 price target (up previously from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.75.

Diversified Healthcare Trust Company 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.