BlackRock Inc. acquired a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the 1st quarter, Holdings Channel reports. The firm acquired 34,149,210 shares of the real estate investment trust’s stock, valued at approximately $123,961,000. BlackRock Inc. owned 0.14% of Diversified Healthcare Trust at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at $26,000. Panagora Asset Management Inc. purchased a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at $27,000. AlphaMark Advisors LLC purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at $33,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at $38,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at $39,000. Institutional investors and hedge funds own 72.44% of the company’s stock.

DHC stock opened at $2.87 on Friday. The company has a market capitalization of $735.09 million, a PE ratio of -6.24 and a beta of 0.92. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $10.21. The firm’s 50-day moving average is $2.84 and its 200 day moving average is $6.09. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.92 and a quick ratio of 2.92.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.24). The company had revenue of $442.47 million during the quarter, compared to analysts’ expectations of $437.46 million. Diversified Healthcare Trust had a negative return on equity of 3.64% and a negative net margin of 8.93%. Sell-side analysts forecast that Diversified Healthcare Trust will post 0.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, April 13th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, April 9th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is 3.05%.

Several equities research analysts have recently weighed in on DHC shares. Morgan Stanley reduced their target price on shares of Diversified Healthcare Trust from $8.00 to $2.75 and set an “equal weight” rating on the stock in a research note on Tuesday. B. Riley reduced their target price on shares of Diversified Healthcare Trust from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Diversified Healthcare Trust in a research note on Tuesday, April 28th. TheStreet downgraded shares of Diversified Healthcare Trust from a “c-” rating to a “d+” rating in a research note on Thursday, March 12th. Finally, ValuEngine raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Diversified Healthcare Trust currently has a consensus rating of “Hold” and a consensus price target of $6.30.

Diversified Healthcare Trust Profile

Diversified Healthcare Trust (Nasdaq: DHC) is a healthcare Real Estate Investment Trust, or REIT, which owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants; senior living communities; as well as wellness centers.

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Institutional Ownership by Quarter for Diversified Healthcare Trust (NASDAQ:DHC)

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