Voya Investment Management LLC Has $156,000 Stock Holdings in Diversified Healthcare Trust $DHC

Voya Investment Management LLC lessened its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 13.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,082 shares of the real estate investment trust’s stock after selling 10,024 shares during the period. Voya Investment Management LLC’s holdings in Diversified Healthcare Trust were worth $156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new stake in Diversified Healthcare Trust in the 1st quarter worth $34,000. Brooklyn Investment Group grew its position in Diversified Healthcare Trust by 296.3% in the 1st quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 13,588 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in Diversified Healthcare Trust in the 1st quarter worth $45,000. Smith Asset Management Co. LLC acquired a new stake in Diversified Healthcare Trust in the 1st quarter worth $56,000. Finally, Teacher Retirement System of Texas acquired a new stake in Diversified Healthcare Trust in the 1st quarter worth $59,000. Institutional investors own 75.98% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley raised their price target on shares of Diversified Healthcare Trust from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Diversified Healthcare Trust presently has a consensus rating of “Hold” and an average target price of $4.25.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $4.41 on Wednesday. The stock has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $3.27. 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 has a 12-month low of $2.00 and a 12-month high of $4.65. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -3.71 and a beta of 2.62.

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

Diversified Healthcare Trust Dividend Announcement

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

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.