Charles Schwab Investment Management Inc. Sells 2,317,044 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Charles Schwab Investment Management Inc. decreased its position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 1.74% of Diversified Healthcare Trust worth $9,645,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth $44,000. Intech Investment Management LLC acquired a new stake in Diversified Healthcare Trust in the 3rd quarter worth $187,000. Corsair Capital Management L.P. bought a new position in shares of Diversified Healthcare Trust during the 3rd quarter worth about $314,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Diversified Healthcare Trust during the third quarter valued at about $341,000. Finally, SG Americas Securities LLC lifted its position in shares of Diversified Healthcare Trust by 55.1% in the 4th quarter. SG Americas Securities LLC now owns 116,782 shares of the real estate investment trust's stock worth $269,000 after acquiring an additional 41,489 shares during the period. 75.98% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock traded up $0.01 on Wednesday, reaching $2.43. The company's stock had a trading volume of 496,981 shares, compared to its average volume of 963,876. Diversified Healthcare Trust has a twelve month low of $2.01 and a twelve month high of $4.24. The company has a market cap of $586.29 million, a price-to-earnings ratio of -1.51 and a beta of 2.15. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The business's fifty day moving average price is $2.52 and its 200 day moving average price is $2.81.

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Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The firm had revenue of $379.62 million for the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The company 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 1.65%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust's dividend payout ratio is -2.60%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th.

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.