Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Diversified Healthcare Trust (NASDAQ:DHCGet Rating) by 73.6% during the second quarter, Holdings Channel.com reports. The fund owned 51,220 shares of the real estate investment trust’s stock after selling 142,642 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Diversified Healthcare Trust were worth $93,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Running Point Capital Advisors LLC purchased a new position in Diversified Healthcare Trust during the first quarter worth $32,000. Walker Asset Management LLC purchased a new stake in Diversified Healthcare Trust during the 2nd quarter worth about $28,000. Y Intercept Hong Kong Ltd acquired a new position in Diversified Healthcare Trust in the 2nd quarter valued at about $29,000. PNC Financial Services Group Inc. lifted its holdings in Diversified Healthcare Trust by 91.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,053 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 9,124 shares in the last quarter. Finally, Eaton Vance Management boosted its stake in shares of Diversified Healthcare Trust by 166.1% during the 1st quarter. Eaton Vance Management now owns 19,116 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 11,932 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Sunday, October 9th.

Diversified Healthcare Trust Stock Down 1.0 %

Shares of DHC opened at $1.04 on Thursday. The firm has a market cap of $249.29 million, a PE ratio of 0.59 and a beta of 1.72. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.87. The company’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.60. Diversified Healthcare Trust has a fifty-two week low of $0.91 and a fifty-two week high of $3.45.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, October 24th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, October 21st. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently 2.29%.

Diversified Healthcare Trust Company Profile

(Get Rating)

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

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Institutional Ownership by Quarter for Diversified Healthcare Trust (NASDAQ:DHC)

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