ING Groep NV Purchases Shares of 200,000 Diversified Healthcare Trust (NASDAQ:DHC)

ING Groep NV purchased a new stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 200,000 shares of the real estate investment trust’s stock, valued at approximately $460,000. ING Groep NV owned about 0.08% of Diversified Healthcare Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DHC. Creative Planning grew its position in Diversified Healthcare Trust by 14.1% during the third quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 2,767 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Diversified Healthcare Trust by 2.8% in the third quarter. Asset Management One Co. Ltd. now owns 325,171 shares of the real estate investment trust’s stock worth $1,362,000 after purchasing an additional 8,879 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Diversified Healthcare Trust in the third quarter worth approximately $648,000. Metis Global Partners LLC grew its holdings in shares of Diversified Healthcare Trust by 38.8% in the third 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 during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Diversified Healthcare Trust in the third quarter worth approximately $187,000. 75.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Diversified Healthcare Trust Stock Down 2.8 %

Shares of Diversified Healthcare Trust stock opened at $2.41 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. Diversified Healthcare Trust has a 52-week low of $2.01 and a 52-week high of $4.24. The stock has a market capitalization of $581.47 million, a price-to-earnings ratio of -1.50 and a beta of 2.17. The company’s 50 day moving average price is $2.35 and its 200-day moving average price is $2.92.

Diversified Healthcare Trust Dividend Announcement

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

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.