Nuveen Asset Management LLC Sells 92,870 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Nuveen Asset Management LLC trimmed its position in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,280 shares of the real estate investment trust's stock after selling 92,870 shares during the period. Nuveen Asset Management LLC owned approximately 0.29% of Diversified Healthcare Trust worth $1,604,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DHC. SG Americas Securities LLC raised its holdings in Diversified Healthcare Trust by 55.1% during the 4th quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust's stock worth $269,000 after buying an additional 41,489 shares during the period. Wells Fargo & Company MN raised its holdings in Diversified Healthcare Trust by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 139,393 shares of the real estate investment trust's stock worth $321,000 after buying an additional 29,626 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $243,000. JPMorgan Chase & Co. raised its holdings in Diversified Healthcare Trust by 42.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,233,790 shares of the real estate investment trust's stock worth $2,838,000 after buying an additional 369,984 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $65,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.

Diversified Healthcare Trust Stock Up 1.9%

Shares of NASDAQ:DHC traded up $0.06 during midday trading on Thursday, hitting $3.28. The stock had a trading volume of 533,257 shares, compared to its average volume of 992,301. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The business's 50-day simple moving average is $2.62 and its 200-day simple moving average is $2.51. The company has a market cap of $791.30 million, a P/E ratio of -2.04 and a beta of 2.37.

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 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $381.19 million.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed 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 of this dividend was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.22%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.28%.

Analyst Ratings Changes

Several analysts have commented on DHC shares. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. 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 for the company.

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.