Daiwa Securities Group Inc. Cuts Stake in Diversified Healthcare Trust (NASDAQ:DHC)

Daiwa Securities Group Inc. reduced its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,652 shares of the real estate investment trust’s stock after selling 5,579 shares during the period. Daiwa Securities Group Inc.’s holdings in Diversified Healthcare Trust were worth $246,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DHC. Allspring Global Investments Holdings LLC increased its position in Diversified Healthcare Trust by 84.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 3,510 shares in the last quarter. Principal Financial Group Inc. increased its position in Diversified Healthcare Trust by 39.1% during the 3rd quarter. Principal Financial Group Inc. now owns 35,668 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 10,033 shares in the last quarter. Verum Partners LLC acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $43,000. Oak Thistle LLC acquired a new stake in Diversified Healthcare Trust during the 4th quarter worth approximately $53,000. Finally, Nomura Asset Management Co. Ltd. increased its position in Diversified Healthcare Trust by 8.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 261,000 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 20,000 shares in the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Stock Up 2.1 %

Shares of NASDAQ:DHC opened at $2.43 on Friday. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. Diversified Healthcare Trust has a 52-week low of $0.80 and a 52-week high of $3.96. The company has a 50 day moving average of $2.66 and a two-hundred day moving average of $2.63. The company has a market capitalization of $584.22 million, a price-to-earnings ratio of -1.93 and a beta of 2.05.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.25%.

Wall Street Analysts Forecast Growth

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

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.