Diversified Healthcare Trust (NASDAQ:DHC) Sees Significant Growth in Short Interest

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 8,720,000 shares, a growth of 16.4% from the February 13th total of 7,490,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 8.1 days. Currently, 4.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Deerfield Management Company L.P. Series C bought a new position in Diversified Healthcare Trust during the fourth quarter worth $36,000. Boothbay Fund Management LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth $41,000. Proficio Capital Partners LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth $44,000. RPO LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth $54,000. Finally, BNP Paribas Financial Markets bought a new position in Diversified Healthcare Trust during the fourth quarter worth $65,000. 75.98% of the stock is owned by institutional investors.

Diversified Healthcare Trust Trading Up 2.8 %

Shares of NASDAQ:DHC traded up $0.08 during trading on Wednesday, reaching $2.73. The stock had a trading volume of 342,842 shares, compared to its average volume of 966,340. The firm’s fifty day moving average is $2.47 and its 200 day moving average is $2.84. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. Diversified Healthcare Trust has a 52 week low of $2.01 and a 52 week high of $4.24. The stock has a market cap of $657.47 million, a price-to-earnings ratio of -1.69 and a beta of 2.15.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The company had revenue of $379.62 million for the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio is presently -2.60%.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.