Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in Diversified Healthcare Trust (NASDAQ:DHC) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,097 shares of the real estate investment trust’s stock after selling 5,698 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Diversified Healthcare Trust worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHC. Allspring Global Investments Holdings LLC lifted its stake in Diversified Healthcare Trust by 99.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 7,629 shares during the period. New England Private Wealth Advisors LLC acquired a new position in Diversified Healthcare Trust during the second quarter valued at $62,000. Creative Planning boosted its holdings in Diversified Healthcare Trust by 14.1% in the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 2,767 shares during the last quarter. XTX Topco Ltd acquired a new stake in Diversified Healthcare Trust during the 2nd quarter worth about $74,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 16,456 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DHC shares. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, B. Riley increased their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, August 5th.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $2.46 on Wednesday. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 12-month low of $1.97 and a 12-month high of $4.24. The business’s 50 day moving average is $3.45 and its two-hundred day moving average is $3.14. The company has a market capitalization of $593.52 million, a P/E ratio of -1.53 and a beta of 2.23.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). The business had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter last year, the business earned $0.03 EPS. Analysts expect that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.48%.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.