Walleye Trading LLC acquired a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC – Get Rating) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,173 shares of the real estate investment trust’s stock, valued at approximately $115,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DHC. Walker Asset Management LLC purchased a new position in Diversified Healthcare Trust during the second quarter worth $28,000. Y Intercept Hong Kong Ltd purchased a new position in Diversified Healthcare Trust during the second quarter worth $29,000. Running Point Capital Advisors LLC purchased a new position in Diversified Healthcare Trust during the first quarter worth $32,000. KBC Group NV purchased a new position in Diversified Healthcare Trust during the second quarter worth $35,000. Finally, M&T Bank Corp increased its position in Diversified Healthcare Trust by 61.7% during the second quarter. M&T Bank Corp now owns 24,410 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 9,310 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 9th.
Diversified Healthcare Trust Price Performance
Diversified Healthcare Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, October 24th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, October 21st. Diversified Healthcare Trust’s dividend payout ratio is currently 2.29%.
About Diversified Healthcare Trust
DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.
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