JPMorgan Chase & Co. Raises Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

JPMorgan Chase & Co. boosted its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 42.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,233,790 shares of the real estate investment trust’s stock after purchasing an additional 369,984 shares during the period. JPMorgan Chase & Co. owned about 0.51% of Diversified Healthcare Trust worth $2,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHC. Cibc World Markets Corp bought a new stake in shares of Diversified Healthcare Trust in the fourth quarter worth about $990,000. Barclays PLC raised its holdings in shares of Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock valued at $1,360,000 after acquiring an additional 245,405 shares in the last quarter. Prudential Financial Inc. lifted its stake in Diversified Healthcare Trust by 15.4% in the fourth quarter. Prudential Financial Inc. now owns 1,804,078 shares of the real estate investment trust’s stock worth $4,149,000 after acquiring an additional 241,400 shares during the period. ING Groep NV bought a new stake in Diversified Healthcare Trust in the fourth quarter valued at $460,000. Finally, Thrivent Financial for Lutherans purchased a new position in Diversified Healthcare Trust during the 4th quarter valued at $243,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $2.26 on Wednesday. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.24. The firm has a market capitalization of $545.19 million, a P/E ratio of -1.40 and a beta of 2.02. 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 business has a fifty day simple moving average of $2.46 and a two-hundred day simple moving average of $2.60.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.31. The company had revenue of $379.62 million during the quarter, compared to analysts’ expectations of $370.97 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.77%. Diversified Healthcare Trust’s dividend payout ratio is currently -2.60%.

Wall Street Analyst Weigh In

DHC has been the subject of several research analyst reports. B. Riley began coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a “buy” rating and a $4.50 target price for the company. StockNews.com upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th.

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.