Nuveen LLC Takes $1.67 Million Position in Diversified Healthcare Trust $DHC

Key Points

• Nuveen LLC invested $1.67 million in Diversified Healthcare Trust (NASDAQ:DHC), acquiring 697,280 shares, amounting to ownership of 0.29% of the company.
• Diversified Healthcare Trust reported earnings of $0.08 per share for the last quarter, matching analysts' estimates, though it had a negative net margin of 18.83% and negative return on equity of 14.69%.
• The company declared a quarterly dividend of $0.01 per share, representing a dividend yield of 1.0%, with the payout ratio reported at -3.36%.

Nuveen LLC bought a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 697,280 shares of the real estate investment trust's stock, valued at approximately $1,673,000. Nuveen LLC owned 0.29% of Diversified Healthcare Trust as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Diversified Healthcare Trust by 4.1% during the fourth 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. State of Wyoming raised its position in Diversified Healthcare Trust by 15.2% in 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 during the last quarter. Asset Management One Co. Ltd. raised its position in Diversified Healthcare Trust by 2.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 333,178 shares of the real estate investment trust's stock valued at $800,000 after buying an additional 8,007 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Diversified Healthcare Trust by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 158,033 shares of the real estate investment trust's stock valued at $364,000 after buying an additional 11,435 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in Diversified Healthcare Trust in the 1st quarter valued at $34,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Stock Up 4.0%

NASDAQ DHC traded up $0.15 on Thursday, reaching $3.89. The company had a trading volume of 663,400 shares, compared to its average volume of 557,651. The stock has a market capitalization of $939.08 million, a P/E ratio of -3.27 and a beta of 2.62. The company's fifty day moving average is $3.58 and its 200 day moving average is $3.05. 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 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.42.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $382.71 million during the quarter, compared to analyst estimates of $382.74 million. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. Diversified Healthcare Trust's dividend payout ratio (DPR) is currently -3.36%.

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.