Zurcher Kantonalbank Zurich Cantonalbank Acquires New Shares in Diversified Healthcare Trust (NASDAQ:DHC)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the 4th quarter, HoldingsChannel.com reports. The fund bought 44,183 shares of the real estate investment trust’s stock, valued at approximately $165,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at approximately $200,000. Teacher Retirement System of Texas acquired a new stake in Diversified Healthcare Trust in the third quarter valued at approximately $126,000. Principal Financial Group Inc. grew its stake in shares of Diversified Healthcare Trust by 39.1% during the third quarter. Principal Financial Group Inc. now owns 35,668 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 10,033 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Diversified Healthcare Trust by 8.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 261,000 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 20,000 shares in the last quarter. Finally, Arizona State Retirement System acquired a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at $93,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Down 3.9 %

NASDAQ:DHC opened at $2.22 on Thursday. The company has a market cap of $533.73 million, a PE ratio of -1.80 and a beta of 2.09. Diversified Healthcare Trust has a one year low of $0.83 and a one year high of $3.96. The firm’s 50 day simple moving average is $2.54 and its 200 day simple moving average is $2.66. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.01 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.80%. Diversified Healthcare Trust’s payout ratio is -3.25%.

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 Tuesday, March 26th.

About Diversified Healthcare Trust

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.