Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Nuveen Asset Management LLC

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

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Diversified Healthcare Trust by 55.1% in the fourth quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust's stock valued at $269,000 after purchasing an additional 41,489 shares during the period. ING Groep NV acquired a new position in shares of Diversified Healthcare Trust in the 4th quarter worth approximately $460,000. Proficio Capital Partners LLC purchased a new position in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $44,000. Cibc World Markets Corp acquired a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth approximately $990,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Diversified Healthcare Trust in the fourth quarter valued at approximately $243,000. Hedge funds and other institutional investors own 75.98% of the company's stock.

Wall Street Analysts Forecast Growth

DHC has been the topic of several analyst reports. Wall Street Zen raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. B. Riley assumed 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 target on the stock.

Diversified Healthcare Trust Stock Up 3.0%

NASDAQ DHC traded up $0.10 on Friday, reaching $3.38. The company had a trading volume of 612,809 shares, compared to its average volume of 989,182. The stock has a market capitalization of $815.43 million, a P/E ratio of -2.10 and a beta of 2.45. The company's fifty day moving average is $2.66 and its 200 day moving average is $2.52. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week 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.

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 the consensus estimate of $0.04 by $0.02. The business had revenue of $386.86 million during the quarter, compared to the consensus estimate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio is currently -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.