Nkcfo LLC Buys New Shares in Diversified Healthcare Trust (NASDAQ:DHC)

Nkcfo LLC purchased a new position in Diversified Healthcare Trust (NASDAQ:DHC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 55,000 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Beryl Capital Management LLC raised its position in shares of Diversified Healthcare Trust by 2,833.8% in the 3rd quarter. Beryl Capital Management LLC now owns 563,970 shares of the real estate investment trust’s stock worth $1,094,000 after buying an additional 544,747 shares during the period. Graham Capital Management L.P. raised its holdings in shares of Diversified Healthcare Trust by 1,081.2% in the 3rd quarter. Graham Capital Management L.P. now owns 152,074 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 139,200 shares during the period. Barclays PLC lifted its stake in shares of Diversified Healthcare Trust by 52.2% in the 3rd quarter. Barclays PLC now owns 72,358 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 24,804 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Diversified Healthcare Trust during the 3rd quarter worth about $126,000. Finally, abrdn plc acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $1,338,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

Diversified Healthcare Trust Stock Up 8.3 %

Diversified Healthcare Trust stock traded up $0.20 during trading on Friday, reaching $2.62. 913,398 shares of the company’s stock were exchanged, compared to its average volume of 658,138. Diversified Healthcare Trust has a 52-week low of $0.80 and a 52-week high of $3.96. The firm has a market cap of $629.90 million, a price-to-earnings ratio of -2.13 and a beta of 2.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 8.46 and a current ratio of 8.46. The company’s 50-day moving average is $2.59 and its two-hundred day moving average is $2.66.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s payout ratio is -3.25%.

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.