Diversified Healthcare Trust (NASDAQ:DHC) Holdings Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,193,311 shares of the real estate investment trust’s stock after selling 2,317,044 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.74% of Diversified Healthcare Trust worth $9,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Diversified Healthcare Trust during the fourth quarter valued at $44,000. Intech Investment Management LLC acquired a new position in Diversified Healthcare Trust during the third quarter valued at $187,000. Corsair Capital Management L.P. acquired a new position in Diversified Healthcare Trust during the third quarter valued at $314,000. Pekin Hardy Strauss Inc. acquired a new position in Diversified Healthcare Trust during the third quarter valued at $341,000. Finally, SG Americas Securities LLC raised its position in Diversified Healthcare Trust by 55.1% during the fourth quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 41,489 shares during the period. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Stock Performance

Shares of DHC stock opened at $2.45 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57. Diversified Healthcare Trust has a fifty-two week low of $2.01 and a fifty-two week high of $4.24. The stock’s 50-day moving average is $2.50 and its two-hundred day moving average is $2.83. The firm has a market cap of $591.12 million, a P/E ratio of -1.52 and a beta of 2.15.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.31. 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 $379.62 million for the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, January 27th. Diversified Healthcare Trust’s payout ratio is currently -2.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

About Diversified Healthcare Trust

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.