Algert Global LLC Buys 43,921 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Algert Global LLC grew its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 14.3% during the 4th quarter, Holdings Channel reports. The firm owned 351,097 shares of the real estate investment trust’s stock after buying an additional 43,921 shares during the period. Algert Global LLC’s holdings in Diversified Healthcare Trust were worth $808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in Diversified Healthcare Trust by 9.6% in the 4th quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust’s stock valued at $4,908,000 after purchasing an additional 187,208 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at approximately $41,000. Two Sigma Securities LLC lifted its position in shares of Diversified Healthcare Trust by 159.5% in the fourth quarter. Two Sigma Securities LLC now owns 57,254 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 35,194 shares during the last quarter. RBF Capital LLC boosted its stake in shares of Diversified Healthcare Trust by 1.5% during the 4th quarter. RBF Capital LLC now owns 1,319,864 shares of the real estate investment trust’s stock worth $3,036,000 after acquiring an additional 19,864 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Diversified Healthcare Trust by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 158,033 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 11,435 shares during the last quarter. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Up 1.7 %

DHC stock opened at $3.01 on Friday. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $4.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. The stock has a market capitalization of $726.12 million, a price-to-earnings ratio of -1.87 and a beta of 2.37. The business’s fifty day moving average price is $2.42 and its two-hundred day moving average price is $2.50.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $386.86 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be given a $0.01 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.33%. Diversified Healthcare Trust’s payout ratio is -3.28%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. B. Riley began 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 objective for the company. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th.

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.