Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Update

Diversified Healthcare Trust (NASDAQ:DHC) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 8,720,000 shares, an increase of 16.4% from the February 13th total of 7,490,000 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is currently 8.1 days.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors and hedge funds have recently made changes to their positions in DHC. GSA Capital Partners LLP purchased a new stake in shares of Diversified Healthcare Trust during the 3rd quarter valued at $648,000. Metis Global Partners LLC raised its position in Diversified Healthcare Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 6,603 shares during the period. Intech Investment Management LLC purchased a new position in Diversified Healthcare Trust in the 3rd quarter worth $187,000. Pekin Hardy Strauss Inc. purchased a new position in Diversified Healthcare Trust in the 3rd quarter worth $341,000. Finally, Corsair Capital Management L.P. purchased a new position in Diversified Healthcare Trust in the 3rd quarter worth $314,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

Diversified Healthcare Trust Stock Up 2.6 %

DHC opened at $2.72 on Thursday. Diversified Healthcare Trust has a 12 month low of $2.01 and a 12 month high of $4.24. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. The company has a market cap of $656.26 million, a PE ratio of -1.69 and a beta of 2.15. The company has a 50 day moving average of $2.48 and a 200 day moving average of $2.84.

Diversified Healthcare Trust (NASDAQ:DHC) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $379.62 million for the quarter, compared to analysts’ expectations of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.60%.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.