Intech Investment Management LLC Reduces Position in Diversified Healthcare Trust $DHC

Intech Investment Management LLC trimmed its position in Diversified Healthcare Trust (NASDAQ:DHC) by 30.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,854 shares of the real estate investment trust’s stock after selling 45,708 shares during the period. Intech Investment Management LLC’s holdings in Diversified Healthcare Trust were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new stake in Diversified Healthcare Trust during the 1st quarter worth about $34,000. Farther Finance Advisors LLC increased its holdings in Diversified Healthcare Trust by 169.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 6,387 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Diversified Healthcare Trust by 296.3% in the first quarter. Brooklyn Investment Group now owns 18,174 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 13,588 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Diversified Healthcare Trust in the 1st quarter valued at $45,000. Finally, Smith Asset Management Co. LLC acquired a new stake in shares of Diversified Healthcare Trust in the first quarter valued at about $56,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $4.81 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 6.35 and a current ratio of 6.35. The firm has a market cap of $1.16 billion, a P/E ratio of -4.04 and a beta of 2.61. The firm’s 50 day moving average price is $4.39 and its 200-day moving average price is $3.88. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.99.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share for the quarter. Diversified Healthcare Trust had a negative net margin of 18.83% and a negative return on equity of 14.69%. The firm had revenue of $370.78 million during the quarter.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $0.04 annualized dividend and a yield of 0.8%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.74%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. B. Riley raised their price objective 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $3.00 to $5.00 in a research report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.25.

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.