Centersquare Investment Management LLC Invests $6.38 Million in Diversified Healthcare Trust $DHC

Centersquare Investment Management LLC purchased a new position in Diversified Healthcare Trust (NASDAQ:DHC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,447,333 shares of the real estate investment trust’s stock, valued at approximately $6,383,000. Centersquare Investment Management LLC owned about 0.60% of Diversified Healthcare Trust at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 5,544 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Diversified Healthcare Trust by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock valued at $1,391,000 after purchasing an additional 7,084 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Diversified Healthcare Trust during the second quarter worth about $28,000. Metis Global Partners LLC lifted its position in shares of Diversified Healthcare Trust by 30.1% during the second quarter. Metis Global Partners LLC now owns 35,816 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 8,293 shares during the last quarter. Finally, Ground Swell Capital LLC acquired a new position in Diversified Healthcare Trust in the third quarter worth about $45,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Diversified Healthcare Trust

In related news, CEO Christopher J. Bilotto acquired 20,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the purchase, the chief executive officer directly owned 266,285 shares of the company’s stock, valued at $1,302,133.65. The trade was a 8.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DHC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, January 21st. B. Riley Financial restated a “buy” rating and set a $6.50 price objective (up from $5.50) on shares of Diversified Healthcare Trust in a research note on Monday, December 15th. Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $3.00 to $5.00 in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Diversified Healthcare Trust has a consensus rating of “Hold” and a consensus target price of $5.75.

Diversified Healthcare Trust Price Performance

Shares of DHC opened at $6.39 on Thursday. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $6.85. The stock’s fifty day moving average is $5.68 and its 200-day moving average is $4.78. The company has a debt-to-equity ratio of 1.44, a quick ratio of 16.89 and a current ratio of 3.97. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -5.37 and a beta of 2.43.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.21). The company had revenue of $379.57 million during the quarter, compared to analyst estimates of $392.89 million. Diversified Healthcare Trust had a negative return on equity of 15.98% and a negative net margin of 18.59%.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were issued a $0.01 dividend. The ex-dividend date was Monday, January 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.74%.

Diversified Healthcare Trust Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.