Inspire Investing LLC Sells 34,954 Shares of Diversified Healthcare Trust $DHC

Inspire Investing LLC cut its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 20.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,228 shares of the real estate investment trust’s stock after selling 34,954 shares during the period. Inspire Investing LLC owned about 0.06% of Diversified Healthcare Trust worth $337,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of Diversified Healthcare Trust during the 1st quarter worth about $103,000. Smith Asset Management Co. LLC bought a new position in shares of Diversified Healthcare Trust during the first quarter worth approximately $56,000. Aristeia Capital L.L.C. bought a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at $391,000. Caxton Associates LLP bought a new position in Diversified Healthcare Trust in the 1st quarter valued at about $453,000. Finally, Goldman Sachs Group Inc. raised its position in Diversified Healthcare Trust by 158.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price target on shares of Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.25.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $4.41 on Thursday. The firm has a 50 day moving average of $3.71 and a 200-day moving average of $3.15. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $4.61. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -3.71 and a beta of 2.62. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.The firm had revenue of $382.71 million during the quarter, compared to the consensus estimate of $382.74 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. Diversified Healthcare Trust’s dividend payout ratio is currently -3.36%.

About Diversified Healthcare Trust

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.