119,377 Shares of Diversified Healthcare Trust $DHC Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 119,377 shares of the real estate investment trust’s stock, valued at approximately $935,000.

Other large investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at about $31,000. KBC Group NV bought a new stake in Diversified Healthcare Trust during the first quarter valued at approximately $35,000. Western Wealth Management LLC purchased a new stake in Diversified Healthcare Trust during the first quarter valued at approximately $38,000. GAMMA Investing LLC purchased a new stake in Diversified Healthcare Trust during the third quarter valued at approximately $46,000. Finally, Ground Swell Capital LLC purchased a new stake in Diversified Healthcare Trust during the first quarter valued at approximately $68,000. 75.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen upgraded 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 research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.83.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC opened at $7.69 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.67 and a current ratio of 4.66. The stock has a 50-day simple moving average of $7.81 and a two-hundred day simple moving average of $8.26. The firm has a market capitalization of $1.86 billion, a PE ratio of 17.95 and a beta of 2.29. Diversified Healthcare Trust has a 52-week low of $3.92 and a 52-week high of $9.66.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $370.75 million. Analysts forecast that Diversified Healthcare Trust will post 0.60 EPS for the current year.

Diversified Healthcare Trust Dividend Announcement

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

Diversified Healthcare Trust 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.