Charles Schwab Investment Management Inc. Cuts Holdings in Diversified Healthcare Trust $DHC

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Diversified Healthcare Trust by 31.9% during the first quarter, now owning approximately 1.18% of the company.
• The stock price of Diversified Healthcare Trust increased by 1.3% recently, with a current trading price of $3.76 and a market capitalization of $907.70 million.
• Diversified Healthcare Trust announced a quarterly dividend of $0.01 per share, representing an annualized yield of 1.1%.

Charles Schwab Investment Management Inc. decreased its position in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 31.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,855,311 shares of the real estate investment trust's stock after selling 1,338,000 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.18% of Diversified Healthcare Trust worth $6,853,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DHC. Deerfield Management Company L.P. Series C bought a new position in Diversified Healthcare Trust during the 4th quarter valued at approximately $36,000. Boothbay Fund Management LLC bought a new position in Diversified Healthcare Trust during the 4th quarter valued at approximately $41,000. Teacher Retirement System of Texas bought a new position in Diversified Healthcare Trust during the 1st quarter valued at approximately $59,000. BNP Paribas Financial Markets bought a new position in Diversified Healthcare Trust during the 4th quarter valued at approximately $65,000. Finally, Abacus Planning Group Inc. bought a new position in Diversified Healthcare Trust during the 1st quarter valued at approximately $92,000. Hedge funds and other institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Trading Up 1.1%

DHC traded up $0.04 during midday trading on Friday, reaching $3.81. 381,438 shares of the company's stock traded hands, compared to its average volume of 627,002. The firm has a fifty day moving average of $3.56 and a two-hundred day moving average of $3.02. The stock has a market capitalization of $919.79 million, a price-to-earnings ratio of -3.20 and a beta of 2.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 6.35 and a quick ratio of 6.35. Diversified Healthcare Trust has a 52 week low of $2.00 and a 52 week high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. Diversified Healthcare Trust had a negative return on equity of 14.69% and a negative net margin of 18.83%.The business had revenue of $382.71 million during the quarter, compared to analyst estimates of $382.74 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were paid a $0.01 dividend. The ex-dividend date was Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. Diversified Healthcare Trust's dividend payout ratio is presently -3.36%.

Diversified Healthcare Trust 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.