Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 4.2%

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price traded down 4.2% on Monday . The stock traded as low as $2.51 and last traded at $2.51. 251,825 shares changed hands during trading, a decline of 78% from the average session volume of 1,138,933 shares. The stock had previously closed at $2.62.

Wall Street Analysts Forecast Growth

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

Diversified Healthcare Trust Stock Performance

The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average price of $2.54 and a two-hundred day moving average price of $2.66. The stock has a market cap of $533.73 million, a P/E ratio of -1.80 and a beta of 2.09.

Diversified Healthcare Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -3.25%.

Institutional Trading of Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently bought and sold shares of DHC. Beryl Capital Management LLC grew its holdings in shares of Diversified Healthcare Trust by 2,833.8% in the third quarter. Beryl Capital Management LLC now owns 563,970 shares of the real estate investment trust’s stock valued at $1,094,000 after purchasing an additional 544,747 shares in the last quarter. Graham Capital Management L.P. grew its stake in shares of Diversified Healthcare Trust by 1,081.2% in the 3rd quarter. Graham Capital Management L.P. now owns 152,074 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 139,200 shares in the last quarter. Barclays PLC increased its holdings in shares of Diversified Healthcare Trust by 52.2% in the 3rd quarter. Barclays PLC now owns 72,358 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 24,804 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at about $126,000. Finally, abrdn plc bought a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at about $1,338,000. 75.98% of the stock is currently owned by institutional investors.

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.