Charles Schwab Investment Management Inc. Has $6.85 Million Stock Position 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. lessened its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 31.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 about 1.18% of Diversified Healthcare Trust worth $6,853,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of Diversified Healthcare Trust by 9.6% during the 4th quarter. Northern Trust Corp now owns 2,134,083 shares of the real estate investment trust's stock worth $4,908,000 after acquiring an additional 187,208 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Diversified Healthcare Trust by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,060,326 shares of the real estate investment trust's stock worth $4,738,000 after acquiring an additional 89,415 shares in the last quarter. CastleKnight Management LP boosted its stake in shares of Diversified Healthcare Trust by 30.1% during the 4th quarter. CastleKnight Management LP now owns 1,845,842 shares of the real estate investment trust's stock worth $4,245,000 after acquiring an additional 427,400 shares in the last quarter. Union Square Park Capital Management LLC boosted its stake in shares of Diversified Healthcare Trust by 32.1% during the 4th quarter. Union Square Park Capital Management LLC now owns 925,000 shares of the real estate investment trust's stock worth $2,128,000 after acquiring an additional 225,000 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Diversified Healthcare Trust by 5.0% during the 4th quarter. Invesco Ltd. now owns 772,528 shares of the real estate investment trust's stock worth $1,777,000 after acquiring an additional 36,949 shares in the last quarter. Institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC traded up $0.04 during mid-day trading on Monday, hitting $3.81. 381,438 shares of the company's stock traded hands, compared to its average volume of 600,676. The firm has a 50 day moving average of $3.57 and a two-hundred day moving average of $3.03. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.24. The firm has a market capitalization of $919.77 million, a price-to-earnings ratio of -3.20 and a beta of 2.62. The company has a current ratio of 6.35, a quick ratio of 6.35 and a debt-to-equity ratio of 1.42.

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

Diversified Healthcare Trust Announces Dividend

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

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.