Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 29.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,218 shares of the real estate investment trust’s stock after selling 6,201 shares during the period. Principal Financial Group Inc.’s holdings in Diversified Healthcare Trust were worth $64,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BlackBarn Capital Partners LP lifted its holdings in Diversified Healthcare Trust by 128.6% in the second quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock valued at $12,200,000 after acquiring an additional 2,250,000 shares during the last quarter. RBF Capital LLC raised its position in Diversified Healthcare Trust by 433.1% in the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after purchasing an additional 1,056,131 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of Diversified Healthcare Trust in the 3rd quarter valued at approximately $2,995,000. Jacobs Levy Equity Management Inc. purchased a new stake in Diversified Healthcare Trust during the 3rd quarter worth about $2,197,000. Finally, Barclays PLC lifted its position in shares of Diversified Healthcare Trust by 310.2% during the 3rd quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after buying an additional 245,405 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Trading Down 0.9 %

Shares of Diversified Healthcare Trust stock opened at $2.16 on Wednesday. The business has a 50 day moving average price of $2.54 and a 200 day moving average price of $3.10. The company has a market capitalization of $521.15 million, a P/E ratio of -1.34 and a beta of 2.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. Diversified Healthcare Trust has a 1 year low of $2.10 and a 1 year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data 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). The firm had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same period in the previous year, the company posted $0.03 EPS. Sell-side analysts anticipate that Diversified Healthcare Trust will post 0.05 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.85%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHC. StockNews.com cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada increased their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, October 14th.

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.