Short Interest in Diversified Healthcare Trust (NASDAQ:DHC) Grows By 20.6%

Diversified Healthcare Trust (NASDAQ:DHC) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 7,519,124 shares, a growth of 20.6% from the February 26th total of 6,237,195 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 2,497,587 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analyst Weigh In

Several research firms recently commented on DHC. Zacks Research upgraded shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada raised their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Wednesday, January 21st. Finally, B. Riley Financial increased their price target on Diversified Healthcare Trust from $6.50 to $8.50 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.25.

Diversified Healthcare Trust Price Performance

Diversified Healthcare Trust stock traded up $0.02 during mid-day trading on Tuesday, hitting $6.64. 1,793,248 shares of the company were exchanged, compared to its average volume of 2,102,581. The company has a market capitalization of $1.61 billion, a PE ratio of -5.58 and a beta of 2.39. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $7.66. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $6.55 and a 200 day moving average of $5.32.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). Diversified Healthcare Trust had a negative net margin of 18.59% and a negative return on equity of 15.98%. The business had revenue of $379.57 million during the quarter, compared to analyst estimates of $392.89 million.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio is currently -3.36%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Diversified Healthcare Trust during the 2nd quarter worth approximately $28,000. CWM LLC grew its holdings in shares of Diversified Healthcare Trust by 174.5% during the 4th quarter. CWM LLC now owns 6,555 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 4,167 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Diversified Healthcare Trust in the third quarter worth $45,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $49,000. Finally, L2 Asset Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the 4th quarter valued at $49,000. Institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.