Farther Finance Advisors LLC Has $36,000 Holdings in Diversified Healthcare Trust $DHC

Farther Finance Advisors LLC boosted its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 169.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,161 shares of the real estate investment trust’s stock after buying an additional 6,387 shares during the quarter. Farther Finance Advisors LLC’s holdings in Diversified Healthcare Trust were worth $36,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DHC. Chicago Partners Investment Group LLC acquired a new stake in Diversified Healthcare Trust in the first quarter valued at about $34,000. Brooklyn Investment Group boosted its stake in shares of Diversified Healthcare Trust by 296.3% during the first quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 13,588 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Diversified Healthcare Trust during the first quarter valued at about $45,000. Smith Asset Management Co. LLC acquired a new stake in shares of Diversified Healthcare Trust during the first quarter valued at about $56,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Diversified Healthcare Trust during the first quarter valued at about $59,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Trading Up 0.2%

Shares of DHC stock opened at $4.33 on Wednesday. The company has a market cap of $1.05 billion, a P/E ratio of -3.64 and a beta of 2.65. The stock has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $3.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 6.35 and a current ratio of 6.35. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $4.65.

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

Diversified Healthcare Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

DHC has been the topic of a number of recent research reports. B. Riley lifted their price target on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Diversified Healthcare Trust presently has an average rating of “Reduce” and a consensus price target of $4.25.

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.