Nisa Investment Advisors LLC Sells 12,797 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Nisa Investment Advisors LLC reduced its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 19.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,709 shares of the real estate investment trust’s stock after selling 12,797 shares during the period. Nisa Investment Advisors LLC’s holdings in Diversified Healthcare Trust were worth $127,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. BlackBarn Capital Partners LP raised its position in Diversified Healthcare Trust by 41.8% during the fourth quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust’s stock valued at $14,375,000 after purchasing an additional 1,841,503 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Diversified Healthcare Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,696,513 shares of the real estate investment trust’s stock worth $13,105,000 after buying an additional 29,062 shares during the period. Northern Trust Corp increased its holdings in shares of Diversified Healthcare Trust by 9.6% in the fourth quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust’s stock worth $4,908,000 after buying an additional 187,208 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Diversified Healthcare Trust by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,326 shares of the real estate investment trust’s stock worth $4,738,000 after buying an additional 89,415 shares during the period. Finally, CastleKnight Management LP increased its holdings in shares of Diversified Healthcare Trust by 30.1% in the fourth quarter. CastleKnight Management LP now owns 1,845,842 shares of the real estate investment trust’s stock worth $4,245,000 after buying an additional 427,400 shares during the period. 75.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on DHC shares. B. Riley began coverage on Diversified Healthcare Trust in a report on Thursday, April 3rd. They issued a “buy” rating and a $4.50 price objective on the stock. Wall Street Zen raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $3.60 on Friday. Diversified Healthcare Trust has a twelve month low of $2.00 and a twelve month high of $4.24. The firm has a market cap of $868.50 million, a P/E ratio of -2.95 and a beta of 2.45. The company has a 50 day moving average of $3.42 and a 200 day moving average of $2.76. The company has a quick ratio of 14.36, a current ratio of 14.36 and a debt-to-equity ratio of 1.44.

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

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, July 21st. 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.