State Street Corp Lowers Stock Position in Diversified Healthcare Trust (NASDAQ:DHC)

State Street Corp reduced its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,539,883 shares of the real estate investment trust’s stock after selling 39,703 shares during the quarter. State Street Corp’s holdings in Diversified Healthcare Trust were worth $27,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DHC. RBF Capital LLC raised its position in Diversified Healthcare Trust by 433.1% in the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock worth $5,447,000 after acquiring an additional 1,056,131 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Diversified Healthcare Trust in the third quarter valued at approximately $2,197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Diversified Healthcare Trust by 51.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,776 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 92,287 shares during the period. Corsair Capital Management L.P. bought a new position in Diversified Healthcare Trust during the third quarter valued at $314,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Diversified Healthcare Trust in the third quarter worth $341,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Trading Down 0.4 %

NASDAQ:DHC opened at $2.28 on Monday. Diversified Healthcare Trust has a 1 year low of $2.19 and a 1 year high of $4.24. The stock’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $3.15. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company has a market cap of $550.11 million, a P/E ratio of -1.42 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data 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 company had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. During the same period last year, the company posted $0.03 EPS. As a group, analysts expect that Diversified Healthcare Trust will post 0.05 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.75%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.48%.

Wall Street Analyst Weigh In

DHC has been the subject of several research reports. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th.

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.