Nkcfo LLC Takes $206,000 Position in Diversified Healthcare Trust (NASDAQ:DHC)

Nkcfo LLC bought a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 55,000 shares of the real estate investment trust’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC acquired a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth about $144,000. Victory Capital Management Inc. increased its stake in Diversified Healthcare Trust by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 5,379 shares during the period. Wolverine Asset Management LLC lifted its holdings in Diversified Healthcare Trust by 15.2% during the 4th quarter. Wolverine Asset Management LLC now owns 267,583 shares of the real estate investment trust’s stock worth $1,001,000 after buying an additional 35,293 shares in the last quarter. abrdn plc purchased a new position in Diversified Healthcare Trust in the 4th quarter valued at approximately $1,338,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Diversified Healthcare Trust in the fourth quarter worth $165,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Diversified Healthcare Trust Stock Up 8.3 %

Shares of DHC stock traded up $0.20 during trading hours on Friday, reaching $2.62. 913,398 shares of the stock were exchanged, compared to its average volume of 658,138. Diversified Healthcare Trust has a 12-month low of $0.80 and a 12-month high of $3.96. The business’s fifty day moving average is $2.59 and its two-hundred day 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. The firm has a market capitalization of $629.90 million, a P/E ratio of -2.13 and a beta of 2.09.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio is presently -3.25%.

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.