Renaissance Technologies LLC Sells 65,100 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Renaissance Technologies LLC cut its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 40.2% during the second quarter, Holdings Channel reports. The fund owned 96,700 shares of the real estate investment trust’s stock after selling 65,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Diversified Healthcare Trust were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 worth $38,000 after acquiring an additional 7,629 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $46,000. New England Private Wealth Advisors LLC acquired a new position in Diversified Healthcare Trust in the 2nd quarter valued at $62,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $187,000. Finally, Black Maple Capital Management LP acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $246,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on DHC. B. Riley upped their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, August 5th. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st.

Diversified Healthcare Trust Stock Performance

DHC opened at $3.68 on Friday. The firm has a market cap of $885.30 million, a P/E ratio of -2.49 and a beta of 2.22. Diversified Healthcare Trust has a 52-week low of $1.68 and a 52-week high of $4.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 11.63 and a current ratio of 11.63. The business’s fifty day moving average is $3.51 and its 200-day moving average is $3.00.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.44). The company had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same period last year, the company posted $0.05 earnings per share. Sell-side analysts expect that Diversified Healthcare Trust will post 0.2 EPS for the current fiscal year.

Diversified Healthcare Trust 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.