Values First Advisors Inc. Trims Holdings in Diversified Healthcare Trust (NASDAQ:DHC)

Values First Advisors Inc. lessened its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 93.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,632 shares of the real estate investment trust’s stock after selling 502,349 shares during the period. Values First Advisors Inc.’s holdings in Diversified Healthcare Trust were worth $122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Diversified Healthcare Trust by 0.3% during the first quarter. Vanguard Group Inc. now owns 38,802,326 shares of the real estate investment trust’s stock valued at $124,168,000 after acquiring an additional 106,629 shares in the last quarter. BlackRock Inc. boosted its stake in Diversified Healthcare Trust by 3.0% in the 2nd quarter. BlackRock Inc. now owns 18,267,829 shares of the real estate investment trust’s stock worth $41,103,000 after purchasing an additional 533,111 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Diversified Healthcare Trust by 325.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,358,304 shares of the real estate investment trust’s stock worth $23,434,000 after purchasing an additional 13,274,098 shares in the last quarter. State Street Corp boosted its stake in Diversified Healthcare Trust by 12.3% in the 1st quarter. State Street Corp now owns 15,659,509 shares of the real estate investment trust’s stock worth $50,110,000 after purchasing an additional 1,710,824 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Diversified Healthcare Trust by 383.0% in the 4th quarter. Millennium Management LLC now owns 13,054,108 shares of the real estate investment trust’s stock worth $8,443,000 after purchasing an additional 10,351,271 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC traded up $0.05 during mid-day trading on Thursday, reaching $2.46. The company’s stock had a trading volume of 1,042,914 shares, compared to its average volume of 1,334,115. Diversified Healthcare Trust has a 12-month low of $0.80 and a 12-month high of $3.96. The firm’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $2.58. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 1.21. The stock has a market cap of $591.43 million, a P/E ratio of -2.00 and a beta of 2.08.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, January 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.25%.

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.