Bank of America Corp DE Has $487,000 Stock Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Bank of America Corp DE raised its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,711 shares of the real estate investment trust's stock after purchasing an additional 76,820 shares during the period. Bank of America Corp DE owned 0.09% of Diversified Healthcare Trust worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in Diversified Healthcare Trust in the 4th quarter valued at approximately $65,000. Wells Fargo & Company MN lifted its position in Diversified Healthcare Trust by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 139,393 shares of the real estate investment trust's stock valued at $321,000 after acquiring an additional 29,626 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Diversified Healthcare Trust in the fourth quarter valued at $243,000. JPMorgan Chase & Co. raised its holdings in shares of Diversified Healthcare Trust by 42.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,233,790 shares of the real estate investment trust's stock valued at $2,838,000 after buying an additional 369,984 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of 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 buying an additional 13,388 shares during the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHC has been the topic of a number of recent analyst reports. B. Riley initiated coverage on shares of Diversified Healthcare Trust in a research note on Thursday, April 3rd. They set a "buy" rating and a $4.50 price target on the stock. Wall Street Zen raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th.

Diversified Healthcare Trust Stock Up 1.2%

DHC traded up $0.04 during trading hours on Friday, reaching $3.48. 1,510,258 shares of the stock traded hands, compared to its average volume of 984,857. The firm's fifty day simple moving average is $2.77 and its two-hundred day simple moving average is $2.55. The company has a market cap of $839.55 million, a price-to-earnings ratio of -2.16 and a beta of 2.45. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week 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 announced its quarterly earnings data 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. The company had revenue of $386.86 million during the quarter, compared to analyst estimates of $381.19 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.15%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.28%.

Diversified Healthcare Trust Company 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.