Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,510,355 shares of the real estate investment trust’s stock after selling 2,280,296 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.70% of Diversified Healthcare Trust worth $27,278,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in Diversified Healthcare Trust in the third quarter valued at approximately $187,000. Metis Global Partners LLC lifted its holdings in 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 valued at $99,000 after acquiring an additional 6,603 shares during the period. GSA Capital Partners LLP acquired a new position in Diversified Healthcare Trust in the third quarter valued at approximately $648,000. Asset Management One Co. Ltd. lifted its holdings in 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 valued at $1,362,000 after acquiring an additional 8,879 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Diversified Healthcare Trust by 68.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 16,456 shares during the period. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Stock Down 1.5 %

Shares of DHC opened at $2.57 on Thursday. 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 one year low of $2.19 and a one year high of $4.24. The stock has a market capitalization of $620.08 million, a price-to-earnings ratio of -1.60 and a beta of 2.17. The stock has a 50 day moving average price of $3.20 and a 200 day moving average price of $3.15.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The firm had revenue of $373.64 million for the quarter, compared to analysts’ expectations of $376.80 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Equities research analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is -2.48%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price objective on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, JMP Securities restated a “market perform” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st.

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.