Two Sigma Investments LP Cuts Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Two Sigma Investments LP trimmed its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 90.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,116 shares of the real estate investment trust's stock after selling 181,726 shares during the quarter. Two Sigma Investments LP's holdings in Diversified Healthcare Trust were worth $46,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. State of Wyoming raised its position in shares of Diversified Healthcare Trust by 15.2% during the 4th quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust's stock valued at $125,000 after buying an additional 7,175 shares in the last quarter. Southport Management L.L.C. raised its position in Diversified Healthcare Trust by 20.0% in the 4th quarter. Southport Management L.L.C. now owns 90,000 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 15,000 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in Diversified Healthcare Trust by 133.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 44,864 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 25,614 shares during the period. ProShare Advisors LLC raised its position in Diversified Healthcare Trust by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 61,516 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 20,242 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diversified Healthcare Trust by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 125,212 shares of the real estate investment trust's stock worth $288,000 after purchasing an additional 4,931 shares during the period. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHC shares. 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 started coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price objective on the stock.

Diversified Healthcare Trust Trading Up 1.2%

Shares of NASDAQ:DHC traded up $0.04 during trading on Friday, reaching $3.48. 1,510,258 shares of the company were exchanged, compared to its average volume of 986,097. The firm has a market capitalization of $839.55 million, a PE ratio of -2.16 and a beta of 2.45. The business's fifty day simple moving average is $2.77 and its 200-day simple moving average is $2.55. Diversified Healthcare Trust has a 12-month low of $2.00 and a 12-month 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 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The business had revenue of $386.86 million for 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio (DPR) 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.