Cim Investment Management Inc. Decreases Stake in Diversified Healthcare Trust (NASDAQ:DHC)

Cim Investment Management Inc. cut its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,454 shares of the real estate investment trust’s stock after selling 13,766 shares during the period. Cim Investment Management Inc.’s holdings in Diversified Healthcare Trust were worth $175,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. BlackBarn Capital Partners LP boosted its stake in Diversified Healthcare Trust by 128.6% during the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock worth $12,200,000 after buying an additional 2,250,000 shares during the period. Beryl Capital Management LLC grew its holdings in Diversified Healthcare Trust by 44.3% during the 4th quarter. Beryl Capital Management LLC now owns 813,970 shares of the real estate investment trust’s stock valued at $3,044,000 after purchasing an additional 250,000 shares during the last quarter. Pale Fire Capital SE raised its position in Diversified Healthcare Trust by 47.7% in the 4th quarter. Pale Fire Capital SE now owns 518,652 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 167,543 shares during the period. Brigade Capital Management LP bought a new stake in Diversified Healthcare Trust in the fourth quarter worth about $374,000. Finally, Black Maple Capital Management LP purchased a new position in shares of Diversified Healthcare Trust during the first quarter valued at approximately $246,000. 75.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHC has been the topic of a number of recent analyst reports. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. JMP Securities reiterated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, B. Riley upped their target price on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

Diversified Healthcare Trust Price Performance

Shares of DHC stock opened at $3.77 on Friday. Diversified Healthcare Trust has a twelve month low of $1.68 and a twelve month high of $4.00. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $3.39 and a two-hundred day simple moving average of $2.90. The stock has a market capitalization of $906.95 million, a price-to-earnings ratio of -2.75 and a beta of 2.22.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. The business had revenue of $371.39 million during the quarter, compared to analysts’ expectations of $372.11 million. During the same period last year, the company earned $0.05 earnings per share. On average, analysts predict that Diversified Healthcare Trust will post 0.2 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Monday, July 22nd. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.92%.

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.