38,461 Shares in Diversified Healthcare Trust (NASDAQ:DHC) Bought by Abacus Planning Group Inc.

Abacus Planning Group Inc. purchased a new position in Diversified Healthcare Trust (NASDAQ:DHC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 38,461 shares of the real estate investment trust’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DHC. ING Groep NV acquired a new stake in shares of Diversified Healthcare Trust in the 4th quarter valued at $460,000. Proficio Capital Partners LLC acquired a new position in Diversified Healthcare Trust in the fourth quarter valued at approximately $44,000. Cibc World Markets Corp bought a new stake in Diversified Healthcare Trust in the fourth quarter valued at about $990,000. Thrivent Financial for Lutherans bought a new position in Diversified Healthcare Trust during the 4th quarter worth approximately $243,000. Finally, Intech Investment Management LLC grew its holdings in shares of Diversified Healthcare Trust by 132.4% in the 4th quarter. Intech Investment Management LLC now owns 103,558 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 59,006 shares during the period. Institutional investors own 75.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a “buy” rating and a $4.50 price objective on the stock. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th.

Diversified Healthcare Trust Stock Performance

DHC opened at $3.38 on Monday. The business’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.52. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week high of $4.24. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The firm has a market capitalization of $815.43 million, a PE ratio of -2.10 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $386.86 million for the quarter, compared to analysts’ expectations of $381.19 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.28%.

Diversified Healthcare Trust Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.