Diversified Healthcare Trust (NASDAQ:DHC) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,134,083 shares of the real estate investment trust's stock after acquiring an additional 187,208 shares during the period. Northern Trust Corp owned approximately 0.88% of Diversified Healthcare Trust worth $4,908,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new position in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $41,000. Proficio Capital Partners LLC acquired a new position in Diversified Healthcare Trust during the fourth quarter worth $44,000. RPO LLC acquired a new position in Diversified Healthcare Trust during the fourth quarter worth $54,000. KLP Kapitalforvaltning AS acquired a new position in Diversified Healthcare Trust during the fourth quarter worth $76,000. Finally, Pictet Asset Management Holding SA lifted its stake 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 purchasing an additional 19,583 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Diversified Healthcare Trust Price Performance

Shares of DHC stock traded up $0.10 during midday trading on Tuesday, reaching $3.24. 512,485 shares of the company traded hands, compared to its average volume of 1,002,117. 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 has a 1-year low of $2.00 and a 1-year high of $4.24. The firm has a market cap of $781.65 million, a PE ratio of -2.01 and a beta of 2.37. The firm's 50 day simple moving average is $2.53 and its two-hundred day simple moving average is $2.48.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.06 EPS 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 firm had revenue of $386.86 million during the quarter, compared to analysts' expectations of $381.19 million.

Diversified Healthcare Trust Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.23%. Diversified Healthcare Trust's payout ratio is -3.28%.

Wall Street Analyst Weigh In

DHC has been the topic of a number of research reports. B. Riley initiated coverage on 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 Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th.

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.