RBF Capital LLC reduced its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC – Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,144,304 shares of the real estate investment trust’s stock after selling 119,156 shares during the period. RBF Capital LLC owned 0.47% of Diversified Healthcare Trust worth $5,550,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Diversified Healthcare Trust in the second quarter valued at approximately $28,000. CWM LLC lifted its holdings in Diversified Healthcare Trust by 174.5% in the fourth quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 4,167 shares during the last quarter. L2 Asset Management LLC acquired a new position in Diversified Healthcare Trust in the fourth quarter valued at approximately $49,000. Harbor Capital Advisors Inc. lifted its holdings in Diversified Healthcare Trust by 299.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 13,692 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 10,264 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Diversified Healthcare Trust by 42.4% in the fourth quarter. Farther Finance Advisors LLC now owns 14,626 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 4,356 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.
Diversified Healthcare Trust Stock Down 0.5%
NASDAQ:DHC opened at $8.79 on Wednesday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average is $8.10 and its two-hundred day moving average is $6.70. Diversified Healthcare Trust has a 52 week low of $3.18 and a 52 week high of $9.14. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -6.61 and a beta of 2.32.
Diversified Healthcare Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, April 21st. Diversified Healthcare Trust’s dividend payout ratio is -3.01%.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. B. Riley Financial upped their price objective on Diversified Healthcare Trust from $8.50 to $11.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Royal Bank Of Canada upped their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Maxim Group upped their price objective on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wall Street Zen cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Diversified Healthcare Trust presently has a consensus rating of “Moderate Buy” and an average price target of $9.17.
Get Our Latest Analysis on Diversified Healthcare Trust
About Diversified Healthcare Trust
Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.
The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.
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