Nisa Investment Advisors LLC Sells 12,843 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Nisa Investment Advisors LLC decreased its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 16.3% in the third quarter, Holdings Channel reports. The firm owned 65,763 shares of the real estate investment trust’s stock after selling 12,843 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Diversified Healthcare Trust were worth $276,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DHC. Allspring Global Investments Holdings LLC boosted its position in shares of Diversified Healthcare Trust by 99.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 7,629 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Diversified Healthcare Trust during the 1st quarter valued at about $187,000. Atomi Financial Group Inc. bought a new stake in shares of Diversified Healthcare Trust in the first quarter worth approximately $46,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Diversified Healthcare Trust by 2.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 245,882 shares of the real estate investment trust’s stock valued at $602,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Black Maple Capital Management LP bought a new position in Diversified Healthcare Trust during the first quarter valued at approximately $246,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DHC shares. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. B. Riley upped their price objective on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada raised their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th.

Diversified Healthcare Trust Stock Up 1.6 %

DHC opened at $2.88 on Thursday. The firm’s 50 day simple moving average is $3.59 and its two-hundred day simple moving average is $3.13. The company has a market capitalization of $691.64 million, a PE ratio of -1.79 and a beta of 2.23. Diversified Healthcare Trust has a 1-year low of $1.94 and a 1-year high of $4.24. The company has a current ratio of 11.63, a quick ratio of 11.63 and a debt-to-equity ratio of 1.36.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.17% and a negative net margin of 26.09%. The company had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, equities analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current year.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.39%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.48%.

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.