Ameriprise Financial Inc. reduced its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 81.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in DHC. Boothbay Fund Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter worth $41,000. Proficio Capital Partners LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth $44,000. RPO LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth $54,000. KLP Kapitalforvaltning AS bought a new position in Diversified Healthcare Trust during the fourth quarter worth $76,000. Finally, Pictet Asset Management Holding SA increased its position in Diversified Healthcare Trust by 134.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,147 shares of the real estate investment trust's stock worth $79,000 after acquiring an additional 19,583 shares during the period. 75.98% of the stock is currently owned by institutional investors and hedge funds.
Diversified Healthcare Trust Trading Up 3.0%
Shares of DHC stock opened at $3.38 on Friday. The firm has a market capitalization of $815.43 million, a P/E ratio of -2.10 and a beta of 2.45. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm's fifty day simple moving average is $2.66 and its 200 day simple moving average is $2.52. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.24.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted 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 net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $386.86 million for the quarter, compared to analyst estimates of $381.19 million.
Diversified Healthcare Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, April 22nd. Diversified Healthcare Trust's payout ratio is -3.28%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They set a "buy" rating and a $4.50 target price on the stock.
Check Out Our Latest Report on Diversified Healthcare Trust
Diversified Healthcare Trust Company Profile
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Free Report)
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.
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