Teacher Retirement System of Texas Buys New Position in Diversified Healthcare Trust (NASDAQ:DHC)

Teacher Retirement System of Texas purchased a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,686 shares of the real estate investment trust’s stock, valued at approximately $59,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley assumed coverage on shares of 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 shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock opened at $3.42 on Tuesday. The company has a fifty day simple moving average of $3.43 and a 200-day simple moving average of $2.77. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week high of $4.24. The company has a quick ratio of 14.36, a current ratio of 14.36 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $825.08 million, a price-to-earnings ratio of -2.80 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $386.86 million for the quarter, compared to analyst estimates of $381.19 million. Diversified Healthcare Trust had a negative net margin of 19.38% and a negative return on equity of 14.46%.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be issued a $0.01 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.04 dividend on an annualized basis and a yield of 1.17%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.28%.

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.