Charles Schwab Investment Management Inc. Sells 2,861,081 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Charles Schwab Investment Management Inc. reduced its stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,346,995 shares of the real estate investment trust's stock after selling 2,861,081 shares during the period. Charles Schwab Investment Management Inc. owned approximately 5.97% of Diversified Healthcare Trust worth $53,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new stake in Diversified Healthcare Trust during the third quarter worth about $126,000. Principal Financial Group Inc. increased its stake in Diversified Healthcare Trust by 39.1% in the third quarter. Principal Financial Group Inc. now owns 35,668 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 10,033 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Diversified Healthcare Trust by 8.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 261,000 shares of the real estate investment trust's stock valued at $506,000 after acquiring an additional 20,000 shares during the last quarter. Arizona State Retirement System acquired a new position in Diversified Healthcare Trust during the third quarter valued at approximately $93,000. Finally, Barclays PLC lifted its stake in Diversified Healthcare Trust by 52.2% during the third quarter. Barclays PLC now owns 72,358 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 24,804 shares during the last quarter. Institutional investors and hedge funds own 75.98% of the company's stock.

Diversified Healthcare Trust Price Performance

Shares of DHC traded down $0.02 during mid-day trading on Friday, reaching $2.37. The company had a trading volume of 532,291 shares, compared to its average volume of 769,457. The company's 50 day simple moving average is $2.46 and its 200 day simple moving average is $2.69. The company has a market capitalization of $569.72 million, a price-to-earnings ratio of -1.73 and a beta of 2.09. Diversified Healthcare Trust has a 1-year low of $0.95 and a 1-year high of $3.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 8.76 and a current ratio of 8.76.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.69%. Diversified Healthcare Trust's payout ratio is presently -2.92%.

Analyst Ratings Changes

Separately, StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th.

About Diversified Healthcare Trust

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.