Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Update

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

Hedge Funds Weigh In On Diversified Healthcare Trust

Large investors have recently bought and sold shares of the company. Arini Captial Management Ltd acquired a new stake in shares of Diversified Healthcare Trust in the 4th quarter worth $14,400,000. Carronade Capital Management LP lifted its position in Diversified Healthcare Trust by 181.9% in the third quarter. Carronade Capital Management LP now owns 4,561,748 shares of the real estate investment trust’s stock valued at $20,117,000 after purchasing an additional 2,943,300 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Centersquare Investment Management LLC increased its position in Diversified Healthcare Trust by 123.1% during the 4th quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock worth $15,661,000 after purchasing an additional 1,781,839 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $4,484,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC traded up $0.16 during midday trading on Wednesday, reaching $6.80. 528,574 shares of the company were exchanged, compared to its average volume of 2,075,961. The stock has a market cap of $1.65 billion, a P/E ratio of -5.72 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 stock has a fifty day simple moving average of $6.57 and a 200 day simple moving average of $5.33. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.44.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate 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 company had revenue of $379.57 million for the quarter, compared to analysts’ expectations of $392.89 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were given 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 (DPR) is -3.36%.

About Diversified Healthcare Trust

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.