D. E. Shaw & Co. Inc. Has $25.26 Million Position in Diversified Healthcare Trust (NASDAQ:DHC)

D. E. Shaw & Co. Inc. lowered its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 9.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,980,398 shares of the real estate investment trust’s stock after selling 1,130,754 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Diversified Healthcare Trust were worth $25,255,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Deerfield Management Company L.P. Series C bought a new position in shares of Diversified Healthcare Trust during the 4th quarter worth about $36,000. Boothbay Fund Management LLC bought a new position in shares of Diversified Healthcare Trust during the 4th quarter worth about $41,000. Proficio Capital Partners LLC bought a new position in shares of Diversified Healthcare Trust during the 4th quarter worth about $44,000. RPO LLC bought a new position in shares of Diversified Healthcare Trust during the 4th quarter worth about $54,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Diversified Healthcare Trust during the 4th quarter worth about $65,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DHC shares. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th. B. Riley started coverage on shares of Diversified Healthcare Trust in a report on Thursday, April 3rd. They set a “buy” rating and a $4.50 price target for the company.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock opened at $3.01 on Monday. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $726.12 million, a price-to-earnings ratio of -1.87 and a beta of 2.37. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $4.24. The firm’s 50-day moving average price is $2.42 and its two-hundred day moving average price is $2.49.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $386.86 million for the quarter, compared to analysts’ expectations 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, April 22nd. Diversified Healthcare Trust’s dividend payout ratio is presently -3.28%.

Diversified Healthcare Trust Company 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.