Prudential Financial Inc. Acquires 151,479 Shares of Diversified Healthcare Trust $DHC

Prudential Financial Inc. grew its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,129,197 shares of the real estate investment trust’s stock after buying an additional 151,479 shares during the quarter. Prudential Financial Inc.’s holdings in Diversified Healthcare Trust were worth $7,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in Diversified Healthcare Trust by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock valued at $1,391,000 after acquiring an additional 7,084 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Diversified Healthcare Trust by 10.1% during the second quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock valued at $3,308,000 after purchasing an additional 84,572 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Diversified Healthcare Trust by 11.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 310,500 shares of the real estate investment trust’s stock valued at $1,112,000 after purchasing an additional 32,000 shares in the last quarter. Geode Capital Management LLC raised its position in Diversified Healthcare Trust by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,847,246 shares of the real estate investment trust’s stock worth $20,936,000 after purchasing an additional 44,759 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in Diversified Healthcare Trust by 30.1% in the 2nd quarter. Metis Global Partners LLC now owns 35,816 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 8,293 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Down 1.2%

Shares of Diversified Healthcare Trust stock opened at $4.81 on Friday. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.99. The business has a fifty day simple moving average of $4.39 and a 200 day simple moving average of $3.87. The stock has a market cap of $1.16 billion, a PE ratio of -4.04 and a beta of 2.61.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share for the quarter. The firm had revenue of $370.78 million for the quarter. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, October 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. Diversified Healthcare Trust’s payout ratio is currently -2.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DHC shares. B. Riley lifted their target price on Diversified Healthcare Trust from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $3.00 to $5.00 in a report on Thursday, November 13th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Diversified Healthcare Trust presently has a consensus rating of “Hold” and an average price target of $5.25.

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.