JPMorgan Chase & Co. Boosts Holdings in Diversified Healthcare Trust $DHC

JPMorgan Chase & Co. raised its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,041,966 shares of the real estate investment trust’s stock after buying an additional 118,003 shares during the quarter. JPMorgan Chase & Co. owned about 0.43% of Diversified Healthcare Trust worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DHC. Allianz Asset Management GmbH boosted its position in shares of Diversified Healthcare Trust by 85.1% during the third quarter. Allianz Asset Management GmbH now owns 206,547 shares of the real estate investment trust’s stock worth $911,000 after acquiring an additional 94,937 shares during the last quarter. Carronade Capital Management LP increased its holdings in Diversified Healthcare Trust by 181.9% in the 3rd quarter. Carronade Capital Management LP now owns 4,561,748 shares of the real estate investment trust’s stock valued at $20,117,000 after acquiring an additional 2,943,300 shares during the last quarter. SG Americas Securities LLC lifted its stake in Diversified Healthcare Trust by 560.3% in the 3rd quarter. SG Americas Securities LLC now owns 244,211 shares of the real estate investment trust’s stock worth $1,077,000 after purchasing an additional 207,225 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in Diversified Healthcare Trust in the 3rd quarter worth $6,383,000. Finally, Militia Capital Partners LP bought a new position in shares of Diversified Healthcare Trust during the 3rd quarter valued at about $729,000. Institutional investors own 75.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DHC. Weiss Ratings restated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. Zacks Research raised Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. B. Riley Financial raised their price target on Diversified Healthcare Trust from $6.50 to $8.50 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada lifted their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.25.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ:DHC opened at $6.92 on Friday. The firm has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $5.36. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $7.66. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.68 billion, a P/E ratio of -5.82 and a beta of 2.35.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.21). The business had revenue of $379.57 million for the quarter, compared to analysts’ expectations of $392.89 million. Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.36%.

Diversified Healthcare Trust 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.