Proficio Capital Partners LLC Takes $44,000 Position in Diversified Healthcare Trust (NASDAQ:DHC)

Proficio Capital Partners LLC purchased a new position in shares of Diversified Healthcare Trust (NASDAQ:DHC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,113 shares of the real estate investment trust’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Metis Global Partners LLC raised its stake in shares of Diversified Healthcare Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 6,603 shares in the last quarter. Intech Investment Management LLC bought a new position in Diversified Healthcare Trust during the third quarter valued at approximately $187,000. SG Americas Securities LLC lifted its stake in Diversified Healthcare Trust by 55.1% in the fourth quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 41,489 shares during the last quarter. Corsair Capital Management L.P. bought a new stake in Diversified Healthcare Trust in the third quarter worth approximately $314,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Diversified Healthcare Trust during the 3rd quarter valued at $341,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th.

Diversified Healthcare Trust Stock Performance

DHC opened at $2.57 on Friday. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average price is $2.44 and its two-hundred day moving average price is $2.87. The firm has a market capitalization of $620.07 million, a P/E ratio of -1.60 and a beta of 2.15. Diversified Healthcare Trust has a 12-month low of $2.01 and a 12-month high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.31. The business had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.60%.

Diversified Healthcare Trust Company 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.