Dimensional Fund Advisors LP Sells 27,611 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Dimensional Fund Advisors LP trimmed its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,926,989 shares of the real estate investment trust’s stock after selling 27,611 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.80% of Diversified Healthcare Trust worth $5,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New England Private Wealth Advisors LLC bought a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth $62,000. Wolverine Asset Management LLC lifted its stake in shares of Diversified Healthcare Trust by 3.3% during the 2nd quarter. Wolverine Asset Management LLC now owns 399,023 shares of the real estate investment trust’s stock valued at $1,217,000 after buying an additional 12,769 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Diversified Healthcare Trust by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,219 shares of the real estate investment trust’s stock worth $3,612,000 after buying an additional 40,939 shares during the period. Garner Asset Management Corp grew its stake in Diversified Healthcare Trust by 2.7% in the 1st quarter. Garner Asset Management Corp now owns 466,431 shares of the real estate investment trust’s stock valued at $1,147,000 after buying an additional 12,103 shares in the last quarter. Finally, Beryl Capital Management LLC raised its holdings in Diversified Healthcare Trust by 23.3% during the 1st quarter. Beryl Capital Management LLC now owns 1,003,785 shares of the real estate investment trust’s stock valued at $2,469,000 after acquiring an additional 189,815 shares during the period. 75.98% of the stock is owned by institutional investors.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $3.83 on Wednesday. The stock’s 50-day simple moving average is $3.48 and its two-hundred day simple moving average is $2.98. Diversified Healthcare Trust has a twelve month low of $1.68 and a twelve month high of $4.24. The firm has a market capitalization of $921.63 million, a P/E ratio of -2.80 and a beta of 2.22. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The company had revenue of $371.39 million during the quarter, compared to analysts’ expectations of $372.11 million. Diversified Healthcare Trust had a negative net margin of 24.14% and a negative return on equity of 15.36%. During the same period in the prior year, the business earned $0.05 earnings per share. As a group, equities analysts anticipate that Diversified Healthcare Trust will post 0.2 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.04%. Diversified Healthcare Trust’s dividend payout ratio is presently -2.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. B. Riley lifted their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 31st.

About Diversified Healthcare Trust

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.