Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 81.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,692 shares of the real estate investment trust's stock after selling 156,423 shares during the quarter. Ameriprise Financial Inc.'s holdings in Diversified Healthcare Trust were worth $82,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackBarn Capital Partners LP boosted its position in shares of Diversified Healthcare Trust by 41.8% during the 4th quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust's stock worth $14,375,000 after acquiring an additional 1,841,503 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Diversified Healthcare Trust during the 4th quarter valued at approximately $990,000. JPMorgan Chase & Co. raised its stake in Diversified Healthcare Trust by 42.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,233,790 shares of the real estate investment trust's stock valued at $2,838,000 after acquiring an additional 369,984 shares during the last quarter. Prudential Financial Inc. raised its stake in Diversified Healthcare Trust by 15.4% during the 4th quarter. Prudential Financial Inc. now owns 1,804,078 shares of the real estate investment trust's stock valued at $4,149,000 after acquiring an additional 241,400 shares during the last quarter. Finally, ING Groep NV purchased a new stake in Diversified Healthcare Trust during the 4th quarter valued at approximately $460,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on DHC shares. Wall Street Zen raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. B. Riley started 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 Stock Performance

Shares of DHC stock traded up $0.02 during trading hours on Wednesday, reaching $3.37. 699,192 shares of the company's stock were exchanged, compared to its average volume of 985,484. The company has a market cap of $813.02 million, a P/E ratio of -2.09 and a beta of 2.45. The company's 50 day moving average is $2.72 and its two-hundred day moving average is $2.54. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.24. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The business had revenue of $386.86 million during the quarter, compared to the consensus estimate of $381.19 million. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%.

Diversified Healthcare Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio is currently -3.28%.

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.