abrdn plc Invests $1.34 Million in Diversified Healthcare Trust (NASDAQ:DHC)

abrdn plc bought a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 357,720 shares of the real estate investment trust's stock, valued at approximately $1,338,000. abrdn plc owned approximately 0.15% of Diversified Healthcare Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Diversified Healthcare Trust by 84.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 3,510 shares in the last quarter. Verum Partners LLC bought a new stake in Diversified Healthcare Trust during the fourth quarter worth approximately $43,000. Oak Thistle LLC bought a new stake in Diversified Healthcare Trust during the fourth quarter worth approximately $53,000. Principal Financial Group Inc. grew its position in Diversified Healthcare Trust by 39.1% in the third quarter. Principal Financial Group Inc. now owns 35,668 shares of the real estate investment trust's stock worth $69,000 after buying an additional 10,033 shares during the last quarter. Finally, Arizona State Retirement System acquired a new position in Diversified Healthcare Trust in the third quarter worth approximately $93,000. Institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock traded down $0.04 during mid-day trading on Tuesday, hitting $2.36. The company's stock had a trading volume of 652,121 shares, compared to its average volume of 1,162,632. Diversified Healthcare Trust has a twelve month low of $0.80 and a twelve month high of $3.96. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $567.39 million, a P/E ratio of -1.92 and a beta of 2.06. The stock's fifty day moving average price is $2.64 and its two-hundred day moving average price is $2.64.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, April 19th. Diversified Healthcare Trust's payout ratio is -3.25%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, March 26th.

Diversified Healthcare Trust Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.