Diversified Healthcare Trust (NASDAQ:DHCNL) Stock Short Interest Report for October

Diversified Healthcare Trust (NASDAQ:DHCNL) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 23,084 shares, a decrease of 43.2% from the September 30th total of 40,616 shares. Based on an average daily trading volume, of 16,894 shares, the days-to-cover ratio is presently 1.4 days.

Diversified Healthcare Trust Stock Down 2.3%

Diversified Healthcare Trust stock traded down $0.47 during trading hours on Friday, hitting $19.74. The stock had a trading volume of 219,389 shares, compared to its average volume of 26,706. Diversified Healthcare Trust has a 1-year low of $17.00 and a 1-year high of $21.00. The stock’s fifty day moving average is $18.50 and its two-hundred day moving average is $18.55.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Sunday, November 15th will be given a $0.3906 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.56 annualized dividend and a dividend yield of 7.9%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Diversified Healthcare Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Diversified Healthcare Trust (NASDAQ:DHCNL) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes life science and medical office buildings, as well as senior living communities and other healthcare-oriented properties.

The company leases space to healthcare providers, medical organizations, life science companies and senior living operators. Its properties are located across multiple U.S. markets and are intended to support a range of healthcare delivery, research and senior care activities.

Founded in 1999 as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2019 as its portfolio expanded beyond senior housing.