Nuveen Asset Management LLC Sells 92,870 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Nuveen Asset Management LLC decreased its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 697,280 shares of the real estate investment trust’s stock after selling 92,870 shares during the period. Nuveen Asset Management LLC owned about 0.29% of Diversified Healthcare Trust worth $1,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Diversified Healthcare Trust by 55.1% in the 4th quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 41,489 shares during the period. ING Groep NV acquired a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth $460,000. Proficio Capital Partners LLC acquired a new stake in Diversified Healthcare Trust in the fourth quarter worth $44,000. Cibc World Markets Corp acquired a new stake in Diversified Healthcare Trust in the fourth quarter worth $990,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Diversified Healthcare Trust in the fourth quarter worth $243,000. Institutional investors own 75.98% of the company’s stock.

Analysts Set New Price Targets

DHC has been the subject of a number of research reports. Wall Street Zen upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th. B. Riley assumed coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They set a “buy” rating and a $4.50 price target on the stock.

Diversified Healthcare Trust Stock Performance

NASDAQ DHC opened at $3.22 on Wednesday. Diversified Healthcare Trust has a 52-week low of $2.00 and a 52-week high of $4.24. The company has a 50-day simple moving average of $2.61 and a 200 day simple moving average of $2.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company has a market capitalization of $776.83 million, a PE ratio of -2.00 and a beta of 2.37.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $386.86 million during the quarter, compared to the consensus estimate of $381.19 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a $0.01 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.24%. Diversified Healthcare Trust’s payout ratio is -3.28%.

About Diversified Healthcare Trust

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.