Strs Ohio Has $242,000 Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Strs Ohio lessened its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC – Get Rating) by 20.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,977 shares of the real estate investment trust’s stock after selling 64,263 shares during the period. Strs Ohio owned about 0.10% of Diversified Healthcare Trust worth $242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHC. Zimmer Partners LP boosted its position in shares of Diversified Healthcare Trust by 120.6% during the 2nd quarter. Zimmer Partners LP now owns 3,750,000 shares of the real estate investment trust’s stock worth $6,825,000 after acquiring an additional 2,050,000 shares in the last quarter. Walleye Trading LLC acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $115,000. M&T Bank Corp boosted its position in shares of Diversified Healthcare Trust by 61.7% during the 2nd quarter. M&T Bank Corp now owns 24,410 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 9,310 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $345,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 80.19% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 9th.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ:DHC opened at $0.76 on Friday. The company has a market cap of $182.63 million, a price-to-earnings ratio of 0.44, a PEG ratio of 0.10 and a beta of 1.70. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $1.23. Diversified Healthcare Trust has a one year low of $0.61 and a one year high of $3.28.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Monday, January 23rd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Friday, January 20th. Diversified Healthcare Trust’s payout ratio is 2.29%.

Diversified Healthcare Trust Company Profile

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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.