Rhumbline Advisers Reduces Stock Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Rhumbline Advisers lowered its position in Diversified Healthcare Trust (NASDAQ:DHC) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,497 shares of the real estate investment trust’s stock after selling 33,285 shares during the quarter. Rhumbline Advisers owned 0.16% of Diversified Healthcare Trust worth $916,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Diversified Healthcare Trust by 41.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,477 shares of the real estate investment trust’s stock worth $884,000 after purchasing an additional 112,701 shares in the last quarter. Union Square Park Capital Management LLC increased its position in Diversified Healthcare Trust by 32.1% during the 4th quarter. Union Square Park Capital Management LLC now owns 925,000 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 225,000 shares in the last quarter. State of Wyoming increased its position in Diversified Healthcare Trust by 15.2% during the 4th quarter. State of Wyoming now owns 54,284 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 7,175 shares in the last quarter. Southport Management L.L.C. increased its position in Diversified Healthcare Trust by 20.0% during the 4th quarter. Southport Management L.L.C. now owns 90,000 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Diversified Healthcare Trust by 133.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 44,864 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 25,614 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Trading Up 1.4%

NASDAQ DHC opened at $3.74 on Friday. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.24. The company has a 50-day moving average of $2.92 and a 200-day moving average of $2.59. The company has a debt-to-equity ratio of 1.44, a current ratio of 14.36 and a quick ratio of 14.36. The company has a market cap of $902.28 million, a P/E ratio of -3.07 and a beta of 2.45.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Diversified Healthcare Trust had a negative net margin of 19.38% and a negative return on equity of 14.46%. The company had revenue of $386.86 million during the quarter, compared to the consensus estimate of $381.19 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, April 22nd. Diversified Healthcare Trust’s dividend payout ratio is currently -3.28%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DHC. B. Riley began coverage on Diversified Healthcare Trust in a research report on Thursday, April 3rd. They set a “buy” rating and a $4.50 price objective for the company. Wall Street Zen upgraded Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 10th.

Diversified Healthcare Trust Profile

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.