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

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,270,000 shares, a drop 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 daily volume of 1,270,000 shares, the short-interest ratio is presently 5.7 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. LPL Financial LLC purchased a new stake in Diversified Healthcare Trust in the 2nd quarter worth approximately $25,000. Prelude Capital Management LLC purchased a new stake in Diversified Healthcare Trust in the 2nd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC grew its stake in 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 worth $29,000 after acquiring an additional 3,510 shares during the period. Bleakley Financial Group LLC purchased a new stake in Diversified Healthcare Trust in the 1st quarter worth approximately $33,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at $35,000. 75.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock traded up $0.04 during mid-day trading on Wednesday, reaching $2.40. The company had a trading volume of 66,369 shares, compared to its average volume of 1,219,766. Diversified Healthcare Trust has a 1 year low of $0.80 and a 1 year high of $3.96. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46. The company has a market capitalization of $577.01 million, a P/E ratio of -1.92 and a beta of 2.05. The stock’s 50-day simple moving average is $2.71 and its 200-day simple moving average is $2.61.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.67%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.25%.

Diversified Healthcare Trust Company Profile

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.