Public Employees Retirement System of Ohio Has $787,000 Position in Diversified Healthcare Trust (NASDAQ:DHC)

Public Employees Retirement System of Ohio cut its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,352 shares of the real estate investment trust’s stock after selling 76,095 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of Diversified Healthcare Trust worth $787,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DHC. Deerfield Management Company L.P. Series C bought a new stake in Diversified Healthcare Trust in the 4th quarter valued at $36,000. Boothbay Fund Management LLC bought a new stake in Diversified Healthcare Trust in the fourth quarter valued at about $41,000. Proficio Capital Partners LLC bought a new stake in Diversified Healthcare Trust in the fourth quarter valued at about $44,000. RPO LLC acquired a new position in Diversified Healthcare Trust in the fourth quarter worth about $54,000. Finally, BNP Paribas Financial Markets bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $65,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Trading Up 1.9%

Shares of DHC stock opened at $3.22 on Wednesday. The company has a market capitalization of $776.83 million, a P/E ratio of -2.00 and a beta of 2.37. Diversified Healthcare Trust has a 12-month low of $2.00 and a 12-month high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $2.61 and a 200 day moving average price of $2.51.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $386.86 million during the quarter, compared to analyst estimates of $381.19 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.24%. Diversified Healthcare Trust’s payout ratio is -3.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley initiated coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a “buy” rating and a $4.50 price objective on the stock. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th.

Diversified Healthcare Trust Company 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.