abrdn plc Makes New $1.34 Million Investment in Diversified Healthcare Trust (NASDAQ:DHC)

abrdn plc acquired a new stake in Diversified Healthcare Trust (NASDAQ:DHC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 357,720 shares of the real estate investment trust’s stock, valued at approximately $1,338,000.

Several other large investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in Diversified Healthcare Trust by 84.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 3,510 shares during the last quarter. Verum Partners LLC purchased a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at $43,000. Oak Thistle LLC bought a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth about $53,000. Principal Financial Group Inc. boosted its stake in shares of Diversified Healthcare Trust by 39.1% during the 3rd quarter. Principal Financial Group Inc. now owns 35,668 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 10,033 shares during the period. Finally, Arizona State Retirement System bought a new position in Diversified Healthcare Trust during the 3rd quarter valued at about $93,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $2.40 on Tuesday. Diversified Healthcare Trust has a 52 week low of $0.80 and a 52 week high of $3.96. The company has a market capitalization of $577.00 million, a PE ratio of -1.95 and a beta of 2.05. The stock’s fifty day moving average is $2.64 and its two-hundred day moving average is $2.64. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio is presently -3.25%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

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.