Diversified Healthcare Trust (NASDAQ:DHC) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,804,078 shares of the real estate investment trust's stock after buying an additional 241,400 shares during the period. Prudential Financial Inc. owned 0.75% of Diversified Healthcare Trust worth $4,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of DHC. Proficio Capital Partners LLC bought a new position in Diversified Healthcare Trust during the fourth quarter valued at $44,000. KLP Kapitalforvaltning AS purchased a new position in Diversified Healthcare Trust during the 4th quarter valued at about $76,000. Quantbot Technologies LP lifted its holdings in Diversified Healthcare Trust by 64.4% in the fourth quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust's stock worth $79,000 after buying an additional 13,388 shares during the period. Intech Investment Management LLC purchased a new stake in Diversified Healthcare Trust in the third quarter worth about $187,000. Finally, Thrivent Financial for Lutherans purchased a new position in Diversified Healthcare Trust in the fourth quarter worth about $243,000. Institutional investors and hedge funds own 75.98% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHC. B. Riley assumed coverage on Diversified Healthcare Trust in a research report on Thursday. They set a "buy" rating and a $4.50 price objective on the stock. StockNews.com raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Tuesday, April 1st.

Diversified Healthcare Trust Price Performance

Shares of DHC stock traded down $0.03 during trading hours on Friday, hitting $2.28. 1,025,999 shares of the company's stock were exchanged, compared to its average volume of 981,424. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a fifty-two week low of $2.01 and a fifty-two week high of $4.24. The firm has a market cap of $550.02 million, a P/E ratio of -1.42 and a beta of 2.02. The firm has a 50 day moving average of $2.57 and a two-hundred day moving average of $2.75.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The firm had revenue of $379.62 million during the quarter, compared to the consensus estimate of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.75%. Diversified Healthcare Trust's payout ratio is -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.