Northern Trust Corp Boosts Stock Position in Diversified Healthcare Trust (NASDAQ:DHC)

Northern Trust Corp lifted its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,134,083 shares of the real estate investment trust's stock after buying an additional 187,208 shares during the quarter. Northern Trust Corp owned approximately 0.88% of Diversified Healthcare Trust worth $4,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Boothbay Fund Management LLC acquired a new position in Diversified Healthcare Trust in the fourth quarter valued at approximately $41,000. Proficio Capital Partners LLC acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $44,000. RPO LLC acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $54,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $76,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of 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 during the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Price Performance

NASDAQ:DHC traded up $0.13 during trading hours on Friday, hitting $3.14. The company's stock had a trading volume of 712,133 shares, compared to its average volume of 1,002,127. The business's 50-day moving average is $2.51 and its two-hundred day moving average is $2.48. The company has a market capitalization of $757.53 million, a PE ratio of -1.95 and a beta of 2.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week 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, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $386.86 million for the quarter, compared to analyst estimates 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.28%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. B. Riley assumed coverage on Diversified Healthcare Trust in a research report on Thursday, April 3rd. They issued a "buy" rating and a $4.50 price objective for the company. Wall Street Zen upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th.

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.