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

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 7,270,000 shares, a decrease of 7.5% from the March 15th total of 7,860,000 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is presently 5.7 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DHC. PNC Financial Services Group Inc. grew its stake in shares of Diversified Healthcare Trust by 91.9% during the first quarter. PNC Financial Services Group Inc. now owns 19,053 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 9,124 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Diversified Healthcare Trust by 477.0% during the 1st quarter. Bank of Montreal Can now owns 416,526 shares of the real estate investment trust’s stock worth $1,329,000 after purchasing an additional 344,340 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Diversified Healthcare Trust by 140.3% during the 1st quarter. MetLife Investment Management LLC now owns 126,803 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 74,027 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Diversified Healthcare Trust by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 206,037 shares of the real estate investment trust’s stock valued at $659,000 after acquiring an additional 25,404 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Diversified Healthcare Trust by 5.5% during the 1st quarter. Yousif Capital Management LLC now owns 259,231 shares of the real estate investment trust’s stock valued at $830,000 after acquiring an additional 13,570 shares during the period. 75.98% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Price Performance

Shares of DHC stock traded down $0.18 during trading hours on Tuesday, hitting $2.36. 620,618 shares of the company’s stock were exchanged, compared to its average volume of 1,235,837. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 1.21. Diversified Healthcare Trust has a 12-month low of $0.80 and a 12-month high of $3.96. The business’s 50 day simple moving average is $2.71 and its 200-day simple moving average is $2.61. The company has a market capitalization of $567.39 million, a PE ratio of -1.92 and a beta of 2.06.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s payout ratio 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.