GSA Capital Partners LLP Takes $648,000 Position in Diversified Healthcare Trust (NASDAQ:DHC)

GSA Capital Partners LLP purchased a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 154,610 shares of the real estate investment trust’s stock, valued at approximately $648,000.

Several other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its position in shares of Diversified Healthcare Trust by 2.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock valued at $1,362,000 after purchasing an additional 8,879 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 16,456 shares in the last quarter. Creative Planning boosted its stake in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 2,767 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Diversified Healthcare Trust during the 3rd quarter worth $411,000. Finally, SG Americas Securities LLC boosted its stake in shares of Diversified Healthcare Trust by 82.1% during the 3rd quarter. SG Americas Securities LLC now owns 75,293 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 33,942 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Diversified Healthcare Trust Price Performance

DHC opened at $2.53 on Tuesday. The stock has a market cap of $610.43 million, a price-to-earnings ratio of -1.57 and a beta of 2.23. Diversified Healthcare Trust has a 1 year low of $1.97 and a 1 year high of $4.24. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average price of $3.48 and a 200 day moving average price of $3.14.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The company had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same quarter last year, the business earned $0.03 earnings per share. Analysts forecast that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.58%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DHC shares. B. Riley raised their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

About Diversified Healthcare Trust

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.