Diversified Healthcare Trust (NASDAQ:DHC) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Diversified Healthcare Trust (NASDAQ:DHC) by 128.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,215 shares of the real estate investment trust’s stock after acquiring an additional 93,421 shares during the quarter. AQR Capital Management LLC owned 0.07% of Diversified Healthcare Trust worth $507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 7,629 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in Diversified Healthcare Trust during the first quarter valued at $46,000. New England Private Wealth Advisors LLC bought a new stake in shares of Diversified Healthcare Trust in the 2nd quarter worth approximately $62,000. XTX Topco Ltd bought a new stake in Diversified Healthcare Trust in the 2nd quarter valued at about $74,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Diversified Healthcare Trust in the 1st quarter valued at approximately $187,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on DHC shares. B. Riley raised their price objective on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday. JMP Securities reissued a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. Finally, StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st.

Diversified Healthcare Trust Stock Down 4.6 %

Shares of DHC opened at $3.51 on Tuesday. Diversified Healthcare Trust has a 12 month low of $1.68 and a 12 month high of $4.24. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The company has a 50-day moving average price of $3.51 and a two-hundred day moving average price of $3.01. The stock has a market cap of $844.40 million, a price-to-earnings ratio of -2.37 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 (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $371.39 million for the quarter, compared to analyst estimates of $372.11 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities analysts predict 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.