84,136 Shares in Diversified Healthcare Trust $DHC Bought by Victory Financial Group LLC

Victory Financial Group LLC purchased a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,136 shares of the real estate investment trust’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds have also made changes to their positions in DHC. Bank of America Corp DE increased its stake in Diversified Healthcare Trust by 90.4% during the first quarter. Bank of America Corp DE now owns 2,682,265 shares of the real estate investment trust’s stock valued at $17,810,000 after purchasing an additional 1,273,681 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Diversified Healthcare Trust by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,399,804 shares of the real estate investment trust’s stock worth $15,935,000 after buying an additional 138,708 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Diversified Healthcare Trust by 432.1% in the 2nd quarter. Engineers Gate Manager LP now owns 175,660 shares of the real estate investment trust’s stock worth $1,634,000 after buying an additional 142,648 shares during the last quarter. Amundi bought a new position in shares of Diversified Healthcare Trust in the 1st quarter worth about $847,000. Finally, Militia Capital Management LLC acquired a new position in shares of Diversified Healthcare Trust in the 1st quarter valued at about $1,422,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHC has been the subject of a number of recent research reports. Wall Street Zen raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Diversified Healthcare Trust presently has a consensus rating of “Moderate Buy” and an average price target of $9.83.

Diversified Healthcare Trust Trading Up 0.5%

Shares of NASDAQ DHC opened at $7.80 on Thursday. Diversified Healthcare Trust has a 12-month low of $3.92 and a 12-month high of $9.66. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -7.03 and a beta of 2.29. The company has a current ratio of 4.66, a quick ratio of 4.67 and a debt-to-equity ratio of 1.52. The stock’s 50 day simple moving average is $7.78 and its 200 day simple moving average is $7.72.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%. The company had revenue of $365.39 million for the quarter, compared to the consensus estimate of $370.75 million. Equities research analysts expect that Diversified Healthcare Trust will post 0.60 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Diversified Healthcare Trust’s payout ratio is -3.60%.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust (NASDAQ: DHC) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes medical office buildings, life science and research facilities, senior living communities, and wellness-oriented properties.

The trust leases its properties to healthcare providers, research organizations, senior living operators, and other related businesses. Its medical office and life science properties support outpatient care, medical research, and healthcare innovation, while its senior living portfolio serves older adults through independent living, assisted living, and related care services.

DHC was formerly known as Senior Housing Properties Trust and adopted its current name in 2020 to reflect its broader healthcare real estate strategy.