Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Diversified Healthcare Trust (NASDAQ:DHC) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 763,275 shares of the real estate investment trust’s stock after selling 203,794 shares during the period. Bank of New York Mellon Corp’s holdings in Diversified Healthcare Trust were worth $1,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DHC. Intech Investment Management LLC purchased a new stake in shares of Diversified Healthcare Trust during the third quarter worth about $187,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth $341,000. Corsair Capital Management L.P. acquired a new stake in shares of Diversified Healthcare Trust during the 3rd quarter worth about $314,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Diversified Healthcare Trust by 51.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,776 shares of the real estate investment trust’s stock valued at $1,139,000 after buying an additional 92,287 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth approximately $2,197,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $2.45 on Friday. The stock has a market capitalization of $591.12 million, a PE ratio of -1.52 and a beta of 2.15. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 52 week low of $2.01 and a 52 week high of $4.24. The firm has a 50 day moving average of $2.50 and a two-hundred day moving average of $2.83.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.31. The business had revenue of $379.62 million for the quarter, compared to analysts’ expectations of $370.97 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 declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.60%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

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.