Alliancebernstein L.P. Cuts Stock Position in Diversified Healthcare Trust (NASDAQ:DHC)

Alliancebernstein L.P. cut its position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 970,058 shares of the real estate investment trust's stock after selling 123,200 shares during the quarter. Alliancebernstein L.P. owned about 0.40% of Diversified Healthcare Trust worth $2,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA boosted its holdings in shares of Diversified Healthcare Trust by 134.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,147 shares of the real estate investment trust's stock worth $79,000 after buying an additional 19,583 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Diversified Healthcare Trust by 42.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,233,790 shares of the real estate investment trust's stock worth $2,838,000 after acquiring an additional 369,984 shares in the last quarter. Prudential Financial Inc. grew its holdings in Diversified Healthcare Trust by 15.4% in the fourth quarter. Prudential Financial Inc. now owns 1,804,078 shares of the real estate investment trust's stock worth $4,149,000 after purchasing an additional 241,400 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Diversified Healthcare Trust in the fourth quarter worth $76,000. Finally, Quantbot Technologies LP increased its stake in Diversified Healthcare Trust by 64.4% in the fourth quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 13,388 shares in the last quarter. Institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Stock Up 1.3 %

Shares of NASDAQ DHC traded up $0.03 during mid-day trading on Tuesday, reaching $2.26. 654,954 shares of the company's stock traded hands, compared to its average volume of 990,866. 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 $2.00 and a 1-year high of $4.24. The stock has a market cap of $545.19 million, a P/E ratio of -1.40 and a beta of 2.02. The business has a 50-day simple moving average of $2.46 and a 200 day simple moving average of $2.60.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $379.62 million during the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -2.60%.

Analyst Ratings Changes

DHC has been the subject of several research reports. StockNews.com upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. B. Riley began coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price objective for the company.

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.