Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,980,398 shares of the real estate investment trust's stock after selling 1,130,754 shares during the period. D. E. Shaw & Co. Inc. owned about 4.55% of Diversified Healthcare Trust worth $25,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $36,000. Boothbay Fund Management LLC purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $41,000. Proficio Capital Partners LLC purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $44,000. RPO LLC purchased a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $54,000. Finally, BNP Paribas Financial Markets purchased a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $65,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. B. Riley assumed coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They set a "buy" rating and a $4.50 price objective for the company.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock traded up $0.07 on Thursday, hitting $3.04. 540,218 shares of the company were exchanged, compared to its average volume of 999,172. The stock has a market capitalization of $733.40 million, a price-to-earnings ratio of -1.89 and a beta of 2.37. The company has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.49. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The business had revenue of $386.86 million for the quarter, compared to analysts' expectations of $381.19 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio is presently -3.28%.

Diversified Healthcare Trust 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.