Cibc World Markets Corp Purchases New Position in Diversified Healthcare Trust (NASDAQ:DHC)

Cibc World Markets Corp acquired a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 430,441 shares of the real estate investment trust’s stock, valued at approximately $990,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Diversified Healthcare Trust by 310.2% in the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after buying an additional 245,405 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Diversified Healthcare Trust by 55.1% in the 4th quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 41,489 shares during the last quarter. RBF Capital LLC lifted its holdings in Diversified Healthcare Trust by 433.1% in the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock worth $5,447,000 after purchasing an additional 1,056,131 shares during the last quarter. Anson Funds Management LP bought a new stake in Diversified Healthcare Trust during the third quarter worth approximately $2,995,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Diversified Healthcare Trust by 51.4% during 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 during the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Price Performance

NASDAQ DHC opened at $2.45 on Friday. The stock has a 50-day simple moving average of $2.50 and a 200 day simple moving average of $2.83. Diversified Healthcare Trust has a twelve month low of $2.01 and a twelve month high of $4.24. The stock has a market capitalization of $591.12 million, a PE ratio of -1.52 and a beta of 2.15. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.31. 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 $379.62 million during the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.60%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.

Diversified Healthcare Trust Profile

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.