Zurcher Kantonalbank Zurich Cantonalbank Invests $165,000 in Diversified Healthcare Trust (NASDAQ:DHC)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,183 shares of the real estate investment trust’s stock, valued at approximately $165,000.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Diversified Healthcare Trust in the third quarter worth approximately $200,000. Teacher Retirement System of Texas acquired a new position in Diversified Healthcare Trust during the third quarter worth $126,000. Principal Financial Group Inc. raised its holdings in Diversified Healthcare Trust by 39.1% during the third quarter. Principal Financial Group Inc. now owns 35,668 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 10,033 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Diversified Healthcare Trust by 8.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 261,000 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 20,000 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in shares of Diversified Healthcare Trust during the 3rd quarter worth about $93,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diversified Healthcare Trust Stock Down 3.9 %

DHC stock opened at $2.22 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46. The company has a 50-day moving average of $2.54 and a two-hundred day moving average of $2.66. The stock has a market capitalization of $533.73 million, a price-to-earnings ratio of -1.80 and a beta of 2.09. Diversified Healthcare Trust has a 52-week low of $0.83 and a 52-week high of $3.96.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared 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 1.80%. The ex-dividend date is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio is currently -3.25%.

Diversified Healthcare Trust Company 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.