Bank of New York Mellon Corp Sells 203,794 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Bank of New York Mellon Corp lowered its position in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 763,275 shares of the real estate investment trust's stock after selling 203,794 shares during the period. Bank of New York Mellon Corp owned 0.32% of Diversified Healthcare Trust worth $1,756,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its holdings in Diversified Healthcare Trust by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust's stock worth $1,167,000 after purchasing an additional 18,800 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Diversified Healthcare Trust by 55.1% in the 4th quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust's stock worth $269,000 after buying an additional 41,489 shares during the period. Intech Investment Management LLC purchased a new position in shares of Diversified Healthcare Trust in the third quarter valued at $187,000. Geode Capital Management LLC grew its holdings in Diversified Healthcare Trust by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust's stock valued at $23,751,000 after buying an additional 54,602 shares in the last quarter. Finally, Corsair Capital Management L.P. bought a new stake in Diversified Healthcare Trust during the 3rd quarter worth approximately $314,000. Institutional investors and hedge funds own 75.98% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com downgraded Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th.

Diversified Healthcare Trust Trading Up 0.4 %

DHC stock traded up $0.01 during trading on Wednesday, hitting $2.43. 496,981 shares of the company traded hands, compared to its average volume of 963,876. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company has a 50-day moving average of $2.52 and a 200-day moving average of $2.81. The firm has a market capitalization of $586.29 million, a PE ratio of -1.51 and a beta of 2.15. Diversified Healthcare Trust has a 1 year low of $2.01 and a 1 year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.31. The firm had revenue of $379.62 million during the quarter, compared to the consensus estimate of $370.97 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 disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.65%. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -2.60%.

Diversified Healthcare Trust 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.