KLP Kapitalforvaltning AS Purchases New Position in Diversified Healthcare Trust (NASDAQ:DHC)

KLP Kapitalforvaltning AS acquired a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC) during the 4th quarter, Holdings Channel reports. The fund acquired 32,900 shares of the real estate investment trust’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cibc World Markets Corp bought a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth about $990,000. JPMorgan Chase & Co. lifted its stake in Diversified Healthcare Trust by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock worth $3,619,000 after purchasing an additional 324,787 shares during the last quarter. Barclays PLC boosted its position in shares of Diversified Healthcare Trust by 310.2% during the third quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock valued at $1,360,000 after buying an additional 245,405 shares during the period. ING Groep NV bought a new position in shares of Diversified Healthcare Trust during the fourth quarter valued at approximately $460,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $243,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Stock Performance

Diversified Healthcare Trust stock opened at $2.07 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company has a market capitalization of $499.36 million, a PE ratio of -1.29 and a beta of 2.02. The company has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.69. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $379.62 million during the quarter, compared to analysts’ expectations of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 22nd. Diversified Healthcare Trust’s payout ratio is -2.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. B. Riley assumed coverage on Diversified Healthcare Trust in a report on Thursday, April 3rd. They set a “buy” rating and a $4.50 price objective for the company. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday.

About Diversified Healthcare Trust

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.