Inspire Investing LLC Buys 77,170 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Inspire Investing LLC grew its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 78.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 175,182 shares of the real estate investment trust’s stock after acquiring an additional 77,170 shares during the period. Inspire Investing LLC’s holdings in Diversified Healthcare Trust were worth $403,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DHC. Creative Planning lifted its position in shares of Diversified Healthcare Trust by 14.1% in the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 2,767 shares during the period. Deerfield Management Company L.P. Series C raised its stake in Diversified Healthcare Trust by 4.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 4,055 shares in the last quarter. Metis Global Partners LLC raised its stake in Diversified Healthcare Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 6,603 shares in the last quarter. Algert Global LLC boosted its position in Diversified Healthcare Trust by 3.0% during the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock valued at $939,000 after acquiring an additional 8,878 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Diversified Healthcare Trust by 2.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock valued at $1,362,000 after acquiring an additional 8,879 shares during the period. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DHC shares. Royal Bank of Canada upped their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Monday, January 6th.

Diversified Healthcare Trust Trading Up 2.8 %

Shares of NASDAQ:DHC opened at $2.18 on Friday. The business’s 50-day moving average is $2.33 and its 200 day moving average is $3.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. Diversified Healthcare Trust has a 1 year low of $2.01 and a 1 year high of $4.24. The firm has a market capitalization of $525.98 million, a P/E ratio of -1.35 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.46). The company had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter last year, the company earned $0.03 EPS.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

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.