Diversified Healthcare Trust (NASDAQ:DHC) Sees Unusually-High Trading Volume

Diversified Healthcare Trust (NASDAQ:DHC) saw unusually-strong trading volume on Tuesday . Approximately 1,258,113 shares changed hands during trading, an increase of 15% from the previous session’s volume of 1,089,612 shares.The stock last traded at $3.26 and had previously closed at $3.18.

Diversified Healthcare Trust Stock Performance

The company’s fifty day moving average is $2.83 and its two-hundred day moving average is $2.74. The company has a quick ratio of 8.76, a current ratio of 8.76 and a debt-to-equity ratio of 1.26.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.21%. Diversified Healthcare Trust’s payout ratio is -2.92%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Diversified Healthcare Trust by 84.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 3,510 shares in the last quarter. Verum Partners LLC acquired a new stake in shares of Diversified Healthcare Trust during the 4th quarter worth about $43,000. Atomi Financial Group Inc. purchased a new stake in Diversified Healthcare Trust during the first quarter worth approximately $46,000. Oak Thistle LLC purchased a new stake in Diversified Healthcare Trust during the fourth quarter worth approximately $53,000. Finally, Simplicity Wealth LLC acquired a new position in Diversified Healthcare Trust in the first quarter valued at approximately $56,000. 75.98% of the stock is owned by hedge funds and other 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.