VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.07 Million Position in Diversified Healthcare Trust $DHC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Diversified Healthcare Trust (NASDAQ:DHC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 222,355 shares of the real estate investment trust’s stock, valued at approximately $2,068,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.09% of Diversified Healthcare Trust as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carronade Capital Management LP raised its position in shares of 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 acquiring an additional 504,898 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Diversified Healthcare Trust by 13.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,108,830 shares of the real estate investment trust’s stock worth $24,778,000 after purchasing an additional 619,750 shares during the period. Goldman Sachs Group Inc. increased its stake in Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Centersquare Investment Management LLC grew its stake in Diversified Healthcare Trust by 123.1% in the 4th quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock valued at $15,661,000 after acquiring an additional 1,781,839 shares during the last quarter. Finally, Arini Captial Management Ltd purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $14,400,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHC has been the subject of a number of recent research reports. Maxim Group lifted their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada lifted their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. B. Riley Financial lifted their price target on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Diversified Healthcare Trust currently has an average rating of “Moderate Buy” and an average price target of $9.83.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ:DHC opened at $7.50 on Friday. The firm’s 50 day moving average is $8.48 and its two-hundred day moving average is $8.09. 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 capitalization of $1.82 billion, a P/E ratio of -6.76 and a beta of 2.29. Diversified Healthcare Trust has a 52 week low of $3.92 and a 52 week high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business 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%. Analysts anticipate that Diversified Healthcare Trust will post 0.6 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a dividend of $0.01 per share. The ex-dividend date was Monday, July 20th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.60%.

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.