Diversified Healthcare Trust (NASDAQ:DHC) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 17.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,304 shares of the real estate investment trust’s stock after purchasing an additional 4,667 shares during the period. Teacher Retirement System of Texas’ holdings in Diversified Healthcare Trust were worth $131,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Diversified Healthcare Trust in the first quarter worth $31,000. Boston Private Wealth LLC purchased a new position in shares of Diversified Healthcare Trust in the first quarter valued at $48,000. D.A. Davidson & CO. purchased a new position in shares of Diversified Healthcare Trust in the first quarter valued at $54,000. Rafferty Asset Management LLC purchased a new position in shares of Diversified Healthcare Trust in the first quarter valued at $60,000. Finally, Eubel Brady & Suttman Asset Management Inc. purchased a new position in shares of Diversified Healthcare Trust in the first quarter valued at $66,000. 77.98% of the stock is owned by hedge funds and other institutional investors.

NASDAQ DHC opened at $3.39 on Tuesday. Diversified Healthcare Trust has a 12 month low of $2.85 and a 12 month high of $5.58. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $808.09 million, a price-to-earnings ratio of -3.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. The company’s fifty day moving average price is $3.76 and its two-hundred day moving average price is $4.12.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Monday, July 26th were given a $0.01 dividend. The ex-dividend date was Friday, July 23rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.18%. Diversified Healthcare Trust’s payout ratio is currently 5.97%.

Several research analysts have recently weighed in on DHC shares. Zacks Investment Research upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 12th. Colliers Securities restated a “hold” rating and issued a $5.00 target price on shares of Diversified Healthcare Trust in a research note on Friday, July 16th. Finally, Morgan Stanley reduced their price objective on shares of Diversified Healthcare Trust from $5.00 to $4.75 and set an “equal weight” rating on the stock in a research note on Thursday, July 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Diversified Healthcare Trust presently has an average rating of “Hold” and a consensus price target of $4.50.

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.

Further Reading: Institutional Investors

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Institutional Ownership by Quarter for Diversified Healthcare Trust (NASDAQ:DHC)

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