Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Down 7.5% in March

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 7,270,000 shares, a decline of 7.5% from the March 15th total of 7,860,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is presently 5.7 days.

Diversified Healthcare Trust Price Performance

Shares of DHC traded down $0.18 on Tuesday, hitting $2.36. The company’s stock had a trading volume of 620,618 shares, compared to its average volume of 1,235,837. The company has a market capitalization of $567.39 million, a PE ratio of -1.92 and a beta of 2.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46. Diversified Healthcare Trust has a fifty-two week low of $0.80 and a fifty-two week high of $3.96. The company has a 50 day moving average price of $2.71 and a 200 day moving average price of $2.61.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio is -3.25%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LPL Financial LLC acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at $25,000. Prelude Capital Management LLC bought a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at $26,000. Allspring Global Investments Holdings LLC increased its position in shares of Diversified Healthcare Trust by 84.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 3,510 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Diversified Healthcare Trust in the 1st quarter valued at $33,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

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.