LDR Capital Management LLC Takes Position in Diversified Healthcare Trust $DHC

LDR Capital Management LLC acquired a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 715,076 shares of the real estate investment trust’s stock, valued at approximately $2,560,000. Diversified Healthcare Trust comprises approximately 3.3% of LDR Capital Management LLC’s portfolio, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after acquiring an additional 2,370,459 shares in the last quarter. Park West Asset Management LLC acquired a new stake in Diversified Healthcare Trust in the 1st quarter valued at approximately $8,583,000. Carronade Capital Management LP bought a new stake in shares of Diversified Healthcare Trust in the first quarter worth $4,857,000. Nuveen LLC acquired a new position in shares of Diversified Healthcare Trust during the 1st quarter worth about $1,673,000. Finally, Algert Global LLC increased its position in shares of Diversified Healthcare Trust by 11.3% in the first quarter. Algert Global LLC now owns 390,767 shares of the real estate investment trust’s stock valued at $938,000 after acquiring an additional 39,670 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC opened at $4.38 on Monday. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.65. The stock has a 50 day moving average of $3.91 and a 200-day moving average of $3.31. The company has a market capitalization of $1.06 billion, a P/E ratio of -3.68 and a beta of 2.65.

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

Diversified Healthcare Trust Announces Dividend

The company 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, July 21st. Diversified Healthcare Trust’s payout ratio is currently -3.36%.

Analysts Set New Price Targets

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

Diversified Healthcare Trust Company 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.