Charles Schwab Investment Management Inc. lessened its position in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 25.9% during the third quarter, according to its most recent 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 period. Charles Schwab Investment Management Inc. owned approximately 2.70% of Diversified Healthcare Trust worth $27,278,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. New England Private Wealth Advisors LLC purchased a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at $62,000. Creative Planning boosted its stake in shares of Diversified Healthcare Trust by 14.1% in the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 2,767 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of 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 purchasing an additional 6,603 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at $74,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted 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 in the last quarter. Institutional investors own 75.98% of the company's stock.
Diversified Healthcare Trust Price Performance
NASDAQ DHC remained flat at $2.57 during trading on Thursday. 1,962,656 shares of the company's stock traded hands, compared to its average volume of 1,056,379. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.19 and a 1-year high of $4.24. The stock has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.15.
Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $373.64 million during the quarter, compared to the consensus estimate of $376.80 million. During the same quarter last year, the company posted $0.03 earnings per share. Equities analysts expect that Diversified Healthcare Trust will post 0.05 earnings per share for the current year.
Diversified Healthcare Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.56%. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -2.48%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on DHC shares. Royal Bank of Canada upped their price objective on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research note on Monday, October 14th. JMP Securities reissued a "market perform" rating on shares of Diversified Healthcare Trust in a research report on Wednesday, August 21st. Finally, StockNews.com raised shares of Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Friday, November 8th.
Get Our Latest Stock Report on Diversified Healthcare Trust
Diversified Healthcare Trust Profile
(
Free Report)
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.
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