Allspring Global Investments Holdings LLC boosted its stake in Diversified Healthcare Trust (NASDAQ:DHC – Free Report) by 99.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,300 shares of the real estate investment trust’s stock after acquiring an additional 7,629 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Diversified Healthcare Trust were worth $38,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackBarn Capital Partners LP bought a new stake in Diversified Healthcare Trust in the fourth quarter worth approximately $4,488,000. Beryl Capital Management LLC increased its stake in shares of Diversified Healthcare Trust by 44.3% in the 4th quarter. Beryl Capital Management LLC now owns 813,970 shares of the real estate investment trust’s stock valued at $3,044,000 after acquiring an additional 250,000 shares in the last quarter. Pale Fire Capital SE lifted its position in shares of Diversified Healthcare Trust by 47.7% during the 4th quarter. Pale Fire Capital SE now owns 518,652 shares of the real estate investment trust’s stock valued at $1,940,000 after acquiring an additional 167,543 shares during the period. abrdn plc bought a new position in Diversified Healthcare Trust during the fourth quarter worth $1,338,000. Finally, Wolverine Asset Management LLC grew its holdings in Diversified Healthcare Trust by 15.2% in the fourth quarter. Wolverine Asset Management LLC now owns 267,583 shares of the real estate investment trust’s stock worth $1,001,000 after purchasing an additional 35,293 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.
Diversified Healthcare Trust Stock Performance
NASDAQ DHC opened at $3.36 on Friday. The company has a market cap of $808.52 million, a P/E ratio of -2.45 and a beta of 2.20. The company has a fifty day simple moving average of $2.71 and a 200 day simple moving average of $2.76. The company has a current ratio of 8.76, a quick ratio of 8.76 and a debt-to-equity ratio of 1.26. Diversified Healthcare Trust has a 12-month low of $1.68 and a 12-month high of $3.96.
Diversified Healthcare Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, July 22nd. Diversified Healthcare Trust’s payout ratio is presently -2.92%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.
Read Our Latest Stock Analysis on Diversified Healthcare Trust
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.
Further Reading
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