Two Sigma Advisers LP Sells 271,900 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Two Sigma Advisers LP cut its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 767,700 shares of the real estate investment trust's stock after selling 271,900 shares during the period. Two Sigma Advisers LP owned approximately 0.32% of Diversified Healthcare Trust worth $1,766,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackBarn Capital Partners LP boosted its position in Diversified Healthcare Trust by 41.8% in the fourth quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust's stock worth $14,375,000 after purchasing an additional 1,841,503 shares during the last quarter. Cibc World Markets Corp purchased a new position in Diversified Healthcare Trust in the fourth quarter worth about $990,000. CastleKnight Management LP boosted its position in Diversified Healthcare Trust by 30.1% in the fourth quarter. CastleKnight Management LP now owns 1,845,842 shares of the real estate investment trust's stock worth $4,245,000 after purchasing an additional 427,400 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Diversified Healthcare Trust by 42.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,233,790 shares of the real estate investment trust's stock worth $2,838,000 after purchasing an additional 369,984 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Diversified Healthcare Trust by 15.4% in the fourth quarter. Prudential Financial Inc. now owns 1,804,078 shares of the real estate investment trust's stock worth $4,149,000 after purchasing an additional 241,400 shares during the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHC. Wall Street Zen raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th. B. Riley began coverage on Diversified Healthcare Trust in a research report on Thursday, April 3rd. They set a "buy" rating and a $4.50 price objective on the stock.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock traded up $0.01 during trading hours on Tuesday, reaching $3.17. 76,773 shares of the company traded hands, compared to its average volume of 993,666. Diversified Healthcare Trust has a 12-month low of $2.00 and a 12-month high of $4.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The company has a market cap of $764.77 million, a P/E ratio of -1.97 and a beta of 2.37. The firm has a 50-day moving average price of $2.59 and a 200 day moving average price of $2.50.

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 earnings per share (EPS) 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 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.26%. The ex-dividend date was Tuesday, April 22nd. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -3.28%.

Diversified Healthcare Trust 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.