Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Up 15.7% in July

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 7,530,000 shares, an increase of 15.7% from the July 15th total of 6,510,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 7.5 days. Currently, 3.5% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DHC. B. Riley boosted their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, August 5th. StockNews.com lowered shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th.

Diversified Healthcare Trust Trading Down 0.6 %

DHC traded down $0.02 during trading on Friday, reaching $3.17. 364,144 shares of the stock traded hands, compared to its average volume of 932,443. The stock’s 50-day moving average is $3.10 and its 200 day moving average is $2.77. Diversified Healthcare Trust has a 12 month low of $1.68 and a 12 month high of $3.96. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $762.61 million, a PE ratio of -2.31 and a beta of 2.20.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.44). The business had revenue of $371.39 million for the quarter, compared to the consensus estimate of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same quarter in the previous year, the company posted $0.05 earnings per share. Equities analysts anticipate that Diversified Healthcare Trust will post 0.2 earnings per share for the current year.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Monday, July 22nd. Diversified Healthcare Trust’s dividend payout ratio is currently -2.92%.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of 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 worth $29,000 after purchasing an additional 3,510 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in Diversified Healthcare Trust in the 1st quarter valued at $46,000. Simplicity Wealth LLC bought a new position in Diversified Healthcare Trust during the 1st quarter valued at $56,000. New England Private Wealth Advisors LLC bought a new position in Diversified Healthcare Trust during the 2nd quarter valued at $62,000. Finally, XTX Topco Ltd purchased a new position in Diversified Healthcare Trust during the 2nd quarter worth $74,000. Institutional investors own 75.98% of the company’s stock.

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.