Charles Schwab Investment Management Inc. Reduces Stake in Diversified Healthcare Trust (NASDAQ:DHC)

Charles Schwab Investment Management Inc. reduced its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.’s holdings in Diversified Healthcare Trust were worth $27,278,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackBarn Capital Partners LP grew its holdings in Diversified Healthcare Trust by 128.6% in the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust’s stock valued at $12,200,000 after buying an additional 2,250,000 shares in the last quarter. Metis Global Partners LLC grew its holdings in Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 6,603 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Diversified Healthcare Trust by 68.9% in the 3rd 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 purchasing an additional 16,456 shares during the last quarter. Algert Global LLC lifted its stake in shares of Diversified Healthcare Trust by 3.0% in the 2nd quarter. Algert Global LLC now owns 307,915 shares of the real estate investment trust’s stock valued at $939,000 after purchasing an additional 8,878 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $3,612,000 after purchasing an additional 40,939 shares during the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $2.57 on Thursday. The business’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.15. Diversified Healthcare Trust has a 52 week low of $2.19 and a 52 week high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm has a market cap of $620.08 million, a PE ratio of -1.60 and a beta of 2.17.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (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 analyst estimates of $376.80 million. During the same period in the previous year, the company posted $0.03 EPS. Equities analysts forecast that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.

Diversified Healthcare Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DHC shares. Royal Bank of Canada upped their price target on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. StockNews.com raised Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, August 21st.

Diversified Healthcare Trust Company Profile

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.