Diversified Healthcare Trust (NASDAQ:DHC) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. lessened its holdings in Diversified Healthcare Trust (NASDAQ:DHC) by 93.9% in the fourth quarter, according to the company in its most recent Form 13F 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 quarter. Values First Advisors Inc.’s holdings in Diversified Healthcare Trust were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DHC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Diversified Healthcare Trust by 325.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,358,304 shares of the real estate investment trust’s stock valued at $23,434,000 after acquiring an additional 13,274,098 shares during the period. Millennium Management LLC boosted its holdings in shares of Diversified Healthcare Trust by 383.0% during the fourth quarter. Millennium Management LLC now owns 13,054,108 shares of the real estate investment trust’s stock valued at $8,443,000 after acquiring an additional 10,351,271 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Diversified Healthcare Trust by 406.8% during the fourth quarter. AQR Capital Management LLC now owns 5,826,605 shares of the real estate investment trust’s stock valued at $3,769,000 after acquiring an additional 4,676,808 shares during the period. Jane Street Group LLC boosted its holdings in shares of Diversified Healthcare Trust by 1,940.1% during the fourth quarter. Jane Street Group LLC now owns 3,993,402 shares of the real estate investment trust’s stock valued at $2,583,000 after acquiring an additional 3,797,661 shares during the period. Finally, State Street Corp grew its position 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 valued at $50,110,000 after buying an additional 1,710,824 shares in the last quarter. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Price Performance

DHC traded up $0.05 on Thursday, reaching $2.46. The company had a trading volume of 1,042,914 shares, compared to its average volume of 1,334,115. The company has a fifty day moving average of $2.80 and a 200-day moving average of $2.58. The company has a market capitalization of $591.43 million, a P/E ratio of -2.00 and a beta of 2.08. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 1.21. Diversified Healthcare Trust has a one year low of $0.80 and a one year high of $3.96.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd were issued 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 payout ratio is -3.25%.

Analysts Set New Price Targets

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

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.