ING Groep NV Purchases New Shares in Diversified Healthcare Trust (NASDAQ:DHC)

ING Groep NV purchased a new stake in Diversified Healthcare Trust (NASDAQ:DHC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the real estate investment trust’s stock, valued at approximately $460,000.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Diversified Healthcare Trust by 1.0% in the third 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 acquiring an additional 54,602 shares in the last quarter. RBF Capital LLC lifted its position in Diversified Healthcare Trust by 433.1% during the third quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after buying an additional 1,056,131 shares during the period. JPMorgan Chase & Co. lifted its position in Diversified Healthcare Trust by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 863,806 shares of the real estate investment trust’s stock valued at $3,619,000 after buying an additional 324,787 shares during the period. Anson Funds Management LP purchased a new position in Diversified Healthcare Trust during the third quarter valued at $2,995,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Diversified Healthcare Trust during the third quarter valued at $2,197,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $2.41 on Tuesday. The business has a fifty day simple moving average of $2.35 and a two-hundred day simple moving average of $2.92. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $581.47 million, a P/E ratio of -1.50 and a beta of 2.17. Diversified Healthcare Trust has a 12 month low of $2.01 and a 12 month high of $4.24.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio is presently -2.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th.

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.