Rhumbline Advisers Decreases Stake in Diversified Healthcare Trust (NASDAQ:DHC)

Rhumbline Advisers lowered its position in Diversified Healthcare Trust (NASDAQ:DHC) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 897,417 shares of the real estate investment trust’s stock after selling 9,826 shares during the quarter. Rhumbline Advisers owned approximately 0.38% of Diversified Healthcare Trust worth $3,751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DHC. Teacher Retirement System of Texas lifted its position in shares of Diversified Healthcare Trust by 17.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,304 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 4,667 shares during the last quarter. IndexIQ Advisors LLC lifted its position in shares of Diversified Healthcare Trust by 6.3% during the 2nd quarter. IndexIQ Advisors LLC now owns 99,012 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 5,841 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Diversified Healthcare Trust by 85.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 77,678 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 35,700 shares during the last quarter. Fulcrum Capital LLC lifted its position in shares of Diversified Healthcare Trust by 7.8% during the 2nd quarter. Fulcrum Capital LLC now owns 55,000 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 4,000 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Diversified Healthcare Trust by 4.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 264,093 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 11,566 shares during the last quarter. Institutional investors own 77.98% of the company’s stock.

Shares of DHC opened at $3.39 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $808.09 million, a P/E ratio of -3.61, a P/E/G ratio of 2.32 and a beta of 1.39. The company’s fifty day moving average is $3.78 and its two-hundred day moving average is $4.14. Diversified Healthcare Trust has a 1 year low of $2.85 and a 1 year high of $5.58.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Shareholders of record on Monday, July 26th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, July 23rd. This represents a $0.04 annualized dividend and a yield of 1.18%. Diversified Healthcare Trust’s dividend payout ratio is currently 5.97%.

Several analysts have recently weighed in on DHC shares. Morgan Stanley reduced their price objective on shares of Diversified Healthcare Trust from $5.00 to $4.75 and set an “equal weight” rating for the company in a research report on Thursday, July 29th. Colliers Securities reaffirmed a “hold” rating and issued a $5.00 target price on shares of Diversified Healthcare Trust in a report on Friday, July 16th. Finally, Zacks Investment Research raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.50.

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.

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Institutional Ownership by Quarter for Diversified Healthcare Trust (NASDAQ:DHC)

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