Abacus Planning Group Inc. Has $176,000 Stock Holdings in Diversified Healthcare Trust $DHC

Abacus Planning Group Inc. raised its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 28.1% in the 2nd quarter, Holdings Channel reports. The firm owned 49,283 shares of the real estate investment trust’s stock after acquiring an additional 10,822 shares during the period. Abacus Planning Group Inc.’s holdings in Diversified Healthcare Trust were worth $176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Diversified Healthcare Trust by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 5,544 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Diversified Healthcare Trust by 169.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 6,387 shares during the period. Asset Management One Co. Ltd. grew its holdings in Diversified Healthcare Trust by 2.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 333,178 shares of the real estate investment trust’s stock worth $800,000 after acquiring an additional 8,007 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in Diversified Healthcare Trust by 12.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 94,531 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 10,562 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of Diversified Healthcare Trust by 296.3% during the first quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 13,588 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Trading Down 0.2%

Shares of DHC stock opened at $4.38 on Friday. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $4.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 6.35 and a current ratio of 6.35. The stock has a 50 day simple moving average of $3.91 and a two-hundred day simple moving average of $3.30. The company has a market cap of $1.06 billion, a P/E ratio of -3.68 and a beta of 2.65.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%. The company had revenue of $382.71 million during the quarter, compared to analyst estimates of $382.74 million.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were issued a dividend of $0.01 per share. The ex-dividend date was Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. Diversified Healthcare Trust’s dividend payout ratio is currently -3.36%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Saturday, September 27th. B. Riley upped their target price on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $4.25.

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.