VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Diversified Healthcare Trust $DHC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Diversified Healthcare Trust (NASDAQ:DHC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 222,355 shares of the real estate investment trust’s stock, valued at approximately $2,068,000.

A number of other hedge funds have also made changes to their positions in DHC. Arini Captial Management Ltd purchased a new stake in Diversified Healthcare Trust in the 4th quarter worth approximately $14,400,000. Bank of New York Mellon Corp bought a new stake in Diversified Healthcare Trust during the second quarter worth approximately $22,101,000. Goldman Sachs Group Inc. boosted its holdings in shares of Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after buying an additional 2,370,459 shares during the period. California State Teachers Retirement System grew its position in shares of Diversified Healthcare Trust by 1,148.3% in the second quarter. California State Teachers Retirement System now owns 2,111,509 shares of the real estate investment trust’s stock valued at $19,637,000 after purchasing an additional 1,942,364 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in Diversified Healthcare Trust by 123.1% in the 4th quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock valued at $15,661,000 after buying an additional 1,781,839 shares during the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DHC shares. Maxim Group boosted their price objective on shares of Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. B. Riley Financial lifted 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 boosted their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.83.

Diversified Healthcare Trust Trading Down 0.5%

DHC opened at $7.50 on Friday. The firm’s fifty day moving average is $8.48 and its two-hundred day moving average is $8.09. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The firm has a market cap of $1.82 billion, a PE ratio of -6.76 and a beta of 2.29. Diversified Healthcare Trust has a twelve month low of $3.92 and a twelve month high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its 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 business had revenue of $365.39 million during the quarter, compared to analyst estimates of $370.75 million. Equities research analysts anticipate that Diversified Healthcare Trust will post 0.6 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 20th. Diversified Healthcare Trust’s payout ratio is currently -3.60%.

Diversified Healthcare Trust Profile

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.