Diversified Healthcare Trust (NASDAQ:DHC) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,212 shares of the real estate investment trust’s stock after purchasing an additional 4,931 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Diversified Healthcare Trust worth $288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deerfield Management Company L.P. Series C purchased a new stake in Diversified Healthcare Trust in the 4th quarter worth approximately $36,000. Boothbay Fund Management LLC purchased a new stake in Diversified Healthcare Trust in the 4th quarter worth approximately $41,000. Proficio Capital Partners LLC purchased a new stake in Diversified Healthcare Trust in the 4th quarter worth approximately $44,000. RPO LLC purchased a new stake in Diversified Healthcare Trust in the 4th quarter worth approximately $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in Diversified Healthcare Trust in the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Trading Down 3.1%

Shares of DHC stock opened at $3.16 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $4.24. The company has a market cap of $762.35 million, a price-to-earnings ratio of -1.96 and a beta of 2.37. The stock has a 50 day simple moving average of $2.58 and a 200-day simple moving average of $2.50.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The firm had revenue of $386.86 million during the quarter, compared to analysts’ expectations of $381.19 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Tuesday, April 22nd. Diversified Healthcare Trust’s payout ratio is -3.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on DHC shares. B. Riley started coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They set a “buy” rating and a $4.50 target price for the company. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note 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.