Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 17.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,742 shares of the real estate investment trust’s stock after selling 4,054 shares during the quarter. Bleakley Financial Group LLC’s holdings in Diversified Healthcare Trust were worth $79,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of Diversified Healthcare Trust by 99.5% in the first 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $187,000. Atomi Financial Group Inc. purchased a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $46,000. CANADA LIFE ASSURANCE Co increased its position in shares of Diversified Healthcare Trust by 2.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock worth $602,000 after acquiring an additional 4,974 shares in the last quarter. Finally, Black Maple Capital Management LP purchased a new position in shares of Diversified Healthcare Trust in the first quarter worth approximately $246,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

DHC stock opened at $3.46 on Friday. 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 stock has a market cap of $832.60 million, a P/E ratio of -2.53 and a beta of 2.22. The firm has a 50 day simple moving average of $3.59 and a 200 day simple moving average of $3.07. Diversified Healthcare Trust has a 52 week low of $1.91 and a 52 week high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) 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 quarter in the prior year, the business posted $0.05 earnings per share. Research analysts anticipate that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.92%.

Analyst Upgrades and Downgrades

DHC has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. B. Riley raised 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. Finally, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st.

About Diversified Healthcare Trust

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.