Nisa Investment Advisors LLC Reduces Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Nisa Investment Advisors LLC reduced its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 16.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,763 shares of the real estate investment trust’s stock after selling 12,843 shares during the period. Nisa Investment Advisors LLC’s holdings in Diversified Healthcare Trust were worth $276,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Creative Planning raised its stake in shares of Diversified Healthcare Trust by 14.1% during the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares during the last quarter. Deerfield Management Company L.P. Series C raised its position in Diversified Healthcare Trust by 4.8% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 88,223 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 4,055 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Diversified Healthcare Trust by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 4,974 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Diversified Healthcare Trust by 99.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 7,629 shares during the period. Finally, Algert Global LLC grew its position in shares of Diversified Healthcare Trust by 3.0% in the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock worth $939,000 after buying an additional 8,878 shares during the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Price Performance

DHC opened at $2.88 on Thursday. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36. The company has a market cap of $691.64 million, a price-to-earnings ratio of -1.79 and a beta of 2.23. The stock has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.13. Diversified Healthcare Trust has a 12-month low of $1.94 and a 12-month high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.17% and a negative net margin of 26.09%. The business had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. Research analysts predict that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.39%. Diversified Healthcare Trust’s payout ratio is -2.48%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DHC shares. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Royal Bank of Canada boosted their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, B. Riley increased their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

Diversified Healthcare Trust Company 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.