State of Alaska Department of Revenue Makes New $935,000 Investment in Diversified Healthcare Trust $DHC

State of Alaska Department of Revenue bought a new position in Diversified Healthcare Trust (NASDAQ:DHC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 119,377 shares of the real estate investment trust’s stock, valued at approximately $935,000.

Other institutional investors have also bought and sold shares of the company. Cim Investment Management Inc. raised its holdings in Diversified Healthcare Trust by 7.4% during the second quarter. Cim Investment Management Inc. now owns 50,105 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 3,461 shares during the period. Summit Securities Group LLC bought a new position in shares of Diversified Healthcare Trust in the first quarter worth about $31,000. KBC Group NV bought a new position in shares of Diversified Healthcare Trust in the first quarter worth about $35,000. Western Wealth Management LLC purchased a new stake in shares of Diversified Healthcare Trust during the first quarter worth about $38,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Diversified Healthcare Trust during the third quarter worth about $46,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on DHC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Thursday, October 15th. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Stock Performance

DHC opened at $7.69 on Thursday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.95 and a beta of 2.29. The company has a fifty day moving average of $7.81 and a 200 day moving average of $8.26. Diversified Healthcare Trust has a fifty-two week low of $3.92 and a fifty-two week high of $9.66. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative net margin of 17.73% and a negative return on equity of 16.22%. The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $370.75 million. As a group, sell-side analysts forecast that Diversified Healthcare Trust will post 0.60 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, October 19th. Diversified Healthcare Trust’s payout ratio is currently -3.60%.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.