Voya Investment Management LLC Has $173,000 Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Voya Investment Management LLC reduced its position in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,106 shares of the real estate investment trust’s stock after selling 32,877 shares during the period. Voya Investment Management LLC’s holdings in Diversified Healthcare Trust were worth $173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $44,000. RPO LLC acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $54,000. KLP Kapitalforvaltning AS acquired a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $76,000. Quantbot Technologies LP boosted its holdings in Diversified Healthcare Trust by 64.4% during the fourth quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 13,388 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Diversified Healthcare Trust by 134.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,147 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 19,583 shares during the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHC has been the subject of several recent research reports. B. Riley initiated coverage on shares of Diversified Healthcare Trust in a report on Thursday, April 3rd. They set a “buy” rating and a $4.50 target price for the company. StockNews.com upgraded shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC opened at $3.05 on Wednesday. The stock has a market capitalization of $735.82 million, a PE ratio of -1.89 and a beta of 2.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The stock has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.49. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The company had revenue of $386.86 million during the quarter, compared to analysts’ expectations of $381.19 million.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.31%. Diversified Healthcare Trust’s payout ratio is -3.28%.

Diversified Healthcare Trust 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.