Invesco Ltd. Lowers Holdings in Diversified Healthcare Trust $DHC

Key Points

• Invesco Ltd. reduced its holdings in Diversified Healthcare Trust by 14.9%, selling 115,111 shares in the 1st quarter and holding 657,417 shares worth approximately $1.58 million.
• Diversified Healthcare Trust reported $0.08 earnings per share for the latest quarter, matching analysts' expectations, with revenues slightly below forecasts at $382.71 million.
• The company declared a quarterly dividend of $0.01 per share, reflecting an annualized yield of 1.0% and a negative payout ratio of -3.36%.

Invesco Ltd. decreased its stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 14.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 657,417 shares of the real estate investment trust's stock after selling 115,111 shares during the quarter. Invesco Ltd. owned about 0.27% of Diversified Healthcare Trust worth $1,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northern Trust Corp lifted 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 during the last quarter. Dimensional Fund Advisors LP lifted 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 during the last quarter. CastleKnight Management LP lifted 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 during the last quarter. Union Square Park Capital Management LLC raised its position in 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 valued at $2,128,000 after purchasing an additional 225,000 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Diversified Healthcare Trust by 41.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 384,477 shares of the real estate investment trust's stock valued at $884,000 after purchasing an additional 112,701 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

Diversified Healthcare Trust Stock Up 5.9%

NASDAQ DHC traded up $0.23 on Friday, reaching $4.12. 1,203,649 shares of the stock traded hands, compared to its average volume of 567,964. The company has a debt-to-equity ratio of 1.42, a quick ratio of 6.35 and a current ratio of 6.35. The company has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.06. The company has a market cap of $994.61 million, a price-to-earnings ratio of -3.46 and a beta of 2.62. Diversified Healthcare Trust has a 12 month low of $2.00 and a 12 month high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.08 earnings per share (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 for the quarter, compared to the consensus estimate of $382.74 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, July 21st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, July 21st. Diversified Healthcare Trust's 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.