State Street Corp Has $27.40 Million Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

State Street Corp lowered its position in Diversified Healthcare Trust (NASDAQ:DHC) by 0.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,539,883 shares of the real estate investment trust’s stock after selling 39,703 shares during the period. State Street Corp owned 2.71% of Diversified Healthcare Trust worth $27,402,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position 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 valued at $94,000 after purchasing an additional 2,767 shares in the last quarter. Deerfield Management Company L.P. Series C lifted its stake in Diversified Healthcare Trust by 4.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 4,055 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Diversified Healthcare Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 6,603 shares in the last quarter. Algert Global LLC grew its position in shares of Diversified Healthcare Trust by 3.0% during the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock worth $939,000 after buying an additional 8,878 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Diversified Healthcare Trust by 2.8% in 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 acquiring an additional 8,879 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DHC shares. Royal Bank of Canada raised their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. StockNews.com upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $2.28 on Monday. 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 firm has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $3.15. Diversified Healthcare Trust has a 12 month low of $2.19 and a 12 month high of $4.24. The firm has a market capitalization of $550.11 million, a PE ratio of -1.42 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. During the same quarter in the prior 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 disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

Diversified Healthcare Trust Profile

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.