Renaissance Technologies LLC Grows Stock Holdings in Diversified Healthcare Trust $DHC

Renaissance Technologies LLC lifted its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,000 shares of the real estate investment trust’s stock after acquiring an additional 62,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Diversified Healthcare Trust were worth $2,092,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DHC. Potomac Capital Management Inc. bought a new position in Diversified Healthcare Trust in the fourth quarter worth approximately $970,000. Dimensional Fund Advisors LP raised 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 valued at $15,935,000 after purchasing an additional 138,708 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Diversified Healthcare Trust by 30.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,354,824 shares of the real estate investment trust’s stock valued at $15,636,000 after purchasing an additional 552,794 shares in the last quarter. Hsbc Holdings PLC raised its position in Diversified Healthcare Trust by 579.4% during the 1st quarter. Hsbc Holdings PLC now owns 381,632 shares of the real estate investment trust’s stock valued at $2,534,000 after purchasing an additional 325,457 shares in the last quarter. Finally, Militia Capital Management LLC purchased a new stake in shares of Diversified Healthcare Trust in the 1st quarter worth $1,422,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DHC shares. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Maxim Group upped their price objective on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Royal Bank Of Canada upped their price objective on shares of Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. B. Riley Financial increased their target price on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Freedom Capital raised shares of Diversified Healthcare Trust to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.83.

Diversified Healthcare Trust Stock Performance

Shares of DHC opened at $8.41 on Tuesday. Diversified Healthcare Trust has a 12 month low of $3.35 and a 12 month high of $9.66. The stock has a fifty day moving average price of $8.99 and a 200-day moving average price of $7.80. The company has a current ratio of 4.66, a quick ratio of 4.67 and a debt-to-equity ratio of 1.52. The firm has a market cap of $2.04 billion, a PE ratio of -7.58 and a beta of 2.30.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results 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). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%.The business had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $370.75 million. Equities research analysts predict that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 20th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -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.