Several hedge funds have recently changed their investments in Diversified Healthcare Trust (DHC). Allspring Global Investments increased its holdings by 99.5%, now owning 15,300 shares valued at $38,000 after buying 7,629 additional shares. Atomi Financial Group acquired a new stake worth $46,000 in the first quarter. New England Private Wealth Advisors and XTX Topco Ltd also purchased new positions valued at approximately $62,000 and $74,000, respectively. Mirae Asset Global Investments bought shares worth $187,000. Overall, hedge funds hold 75.98% of DHC stock.
DHC Share Price Update
DHC shares opened at $3.70 on Friday, with a market cap of $890.11 million and a PE ratio of -2.50. The stock has fluctuated between a low of $1.68 and a high of $4.24 over the past year. Its debt-to-equity ratio is 1.36, indicating a solid financial structure.
Diversified Healthcare Trust reported its quarterly earnings on August 1st, showing an EPS of ($0.41), which missed the expected $0.03 by ($0.44). They had a revenue of $371.39 million versus the estimated $372.11 million, marking a negative return on equity of 15.36%.
Upcoming Dividend Announcement
The company announced a quarterly dividend of $0.01 per share, payable on November 14th to shareholders on record as of October 28th. This translates to an annual dividend of $0.04 and a yield of 1.08%, with a payout ratio of -2.70%.
Analysts’ Ratings
Analysts are providing mixed reviews: Royal Bank of Canada upgraded its price target for DHC from $2.00 to $3.00 while maintaining a “underperform” rating. B. Riley increased their target from $5.00 to $6.00 and rated it as “buy.” StockNews.com downgraded their rating from “hold” to “sell.”
DHC Company Overview
DHC is a real estate investment trust (REIT) focusing on high-quality healthcare properties across the U.S., aiming for diversification in healthcare services and property types.
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