Diversified Healthcare Trust (NASDAQ:DHC) Stake Raised by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,500 shares of the real estate investment trust’s stock after acquiring an additional 18,800 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Diversified Healthcare Trust were worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Anson Funds Management LP acquired a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at $2,995,000. RBF Capital LLC boosted its position in Diversified Healthcare Trust by 433.1% during the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after purchasing an additional 1,056,131 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Diversified Healthcare Trust during the third quarter valued at $2,197,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Diversified Healthcare Trust by 51.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,776 shares of the real estate investment trust’s stock valued at $1,139,000 after purchasing an additional 92,287 shares in the last quarter. Finally, Corsair Capital Management L.P. acquired a new position in Diversified Healthcare Trust in the 3rd quarter worth about $314,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DHC shares. Royal Bank of Canada lifted their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st.

Diversified Healthcare Trust Stock Performance

DHC opened at $2.44 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company has a market cap of $588.70 million, a PE ratio of -1.52 and a beta of 2.17. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $3.16. Diversified Healthcare Trust has a 52-week low of $2.19 and a 52-week high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The company had revenue of $373.64 million for the quarter, compared to the consensus estimate of $376.80 million. During the same period in the previous year, the company earned $0.03 EPS. As a group, equities research analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.64%. Diversified Healthcare Trust’s payout ratio is presently -2.48%.

Diversified Healthcare Trust Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.