Diversified Healthcare Trust $DHC Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 85.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,547 shares of the real estate investment trust’s stock after acquiring an additional 94,937 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.09% of Diversified Healthcare Trust worth $911,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of Diversified Healthcare Trust by 158.9% during the 1st 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 acquiring an additional 2,370,459 shares during the period. Carronade Capital Management LP boosted its position in Diversified Healthcare Trust by 588.7% during the second quarter. Carronade Capital Management LP now owns 1,618,448 shares of the real estate investment trust’s stock worth $5,794,000 after purchasing an additional 1,383,448 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Diversified Healthcare Trust by 22.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,890,628 shares of the real estate investment trust’s stock valued at $6,768,000 after purchasing an additional 345,110 shares during the period. SG Americas Securities LLC increased its position in shares of Diversified Healthcare Trust by 560.3% in the third quarter. SG Americas Securities LLC now owns 244,211 shares of the real estate investment trust’s stock valued at $1,077,000 after buying an additional 207,225 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Diversified Healthcare Trust by 7.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,129,197 shares of the real estate investment trust’s stock worth $7,623,000 after buying an additional 151,479 shares during the period. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analyst Ratings Changes

DHC has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. Zacks Research cut Diversified Healthcare Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. B. Riley Financial reissued a “buy” rating and set a $6.50 target price (up previously from $5.50) on shares of Diversified Healthcare Trust in a report on Monday, December 15th. Finally, Royal Bank Of Canada raised Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $3.00 to $5.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $5.75.

Diversified Healthcare Trust Trading Up 4.0%

DHC opened at $6.55 on Friday. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $6.61. The company has a quick ratio of 16.89, a current ratio of 16.89 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $4.60. The firm has a market cap of $1.59 billion, a P/E ratio of -4.49 and a beta of 2.43.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, January 26th. This represents a $0.04 dividend on an annualized basis and a yield of 0.6%. Diversified Healthcare Trust’s dividend payout ratio is -2.74%.

Insider Activity

In other Diversified Healthcare Trust news, CEO Christopher J. Bilotto acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the acquisition, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This trade represents a 8.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Diversified Healthcare Trust Company 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.