Vanguard Group Inc. lowered its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 16.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,908,845 shares of the real estate investment trust's stock after selling 3,917,884 shares during the quarter. Vanguard Group Inc. owned approximately 8.28% of Diversified Healthcare Trust worth $38,623,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. LPL Financial LLC acquired a new position in Diversified Healthcare Trust in the 2nd quarter valued at about $25,000. Prelude Capital Management LLC acquired a new position in shares of Diversified Healthcare Trust in the second quarter valued at approximately $26,000. Bleakley Financial Group LLC purchased a new stake in shares of Diversified Healthcare Trust during the first quarter worth approximately $33,000. M&T Bank Corp increased its stake in shares of Diversified Healthcare Trust by 48.0% in the third quarter. M&T Bank Corp now owns 36,126 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 11,716 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Diversified Healthcare Trust during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 75.98% of the company's stock.
Diversified Healthcare Trust Price Performance
DHC traded up $0.02 during trading on Thursday, reaching $2.61. The stock had a trading volume of 727,223 shares, compared to its average volume of 1,261,779. The stock has a 50 day moving average of $2.72 and a two-hundred day moving average of $2.60. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $627.49 million, a price-to-earnings ratio of -2.12 and a beta of 2.05. Diversified Healthcare Trust has a 1-year low of $0.80 and a 1-year high of $3.96.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, March 26th.
View 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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