Pictet Asset Management SA Sells 72,992 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Pictet Asset Management SA lowered its stake in Diversified Healthcare Trust (NASDAQ:DHCGet Rating) by 78.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,700 shares of the real estate investment trust’s stock after selling 72,992 shares during the quarter. Pictet Asset Management SA’s holdings in Diversified Healthcare Trust were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DHC. Walker Asset Management LLC bought a new position in Diversified Healthcare Trust in the 2nd quarter worth about $28,000. Y Intercept Hong Kong Ltd bought a new position in Diversified Healthcare Trust in the 2nd quarter worth about $29,000. Running Point Capital Advisors LLC bought a new position in Diversified Healthcare Trust in the 1st quarter worth about $32,000. KBC Group NV bought a new position in Diversified Healthcare Trust in the 2nd quarter worth about $35,000. Finally, M&T Bank Corp boosted its stake in Diversified Healthcare Trust by 61.7% in the 2nd quarter. M&T Bank Corp now owns 24,410 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 9,310 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 9th.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC opened at $1.04 on Friday. The business’s 50-day moving average price is $1.13 and its two-hundred day moving average price is $1.60. Diversified Healthcare Trust has a twelve month low of $0.91 and a twelve month high of $3.45. The stock has a market cap of $249.29 million, a P/E ratio of 0.59 and a beta of 1.72. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.87.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, October 24th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 21st. This represents a $0.04 annualized dividend and a dividend yield of 3.85%. Diversified Healthcare Trust’s payout ratio is currently 2.29%.

Diversified Healthcare Trust Company Profile

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DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

Further Reading

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Institutional Ownership by Quarter for Diversified Healthcare Trust (NASDAQ:DHC)

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