Short Interest in Diversified Healthcare Trust (NASDAQ:DHC) Grows By 20.6%

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,519,124 shares, an increase of 20.6% from the February 26th total of 6,237,195 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,497,587 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Trading of Diversified Healthcare Trust

A number of institutional investors have recently made changes to their positions in DHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diversified Healthcare Trust by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 5,544 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Strs Ohio bought a new position in shares of Diversified Healthcare Trust during the 1st quarter valued at about $103,000. JPMorgan Chase & Co. grew its stake in shares of Diversified Healthcare Trust by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock worth $3,308,000 after purchasing an additional 84,572 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Diversified Healthcare Trust by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock worth $1,391,000 after purchasing an additional 7,084 shares in the last quarter. 75.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. B. Riley Financial raised their price objective on Diversified Healthcare Trust from $6.50 to $8.50 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Zacks Research raised shares of Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.25.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ:DHC traded up $0.02 during trading hours on Tuesday, hitting $6.64. The stock had a trading volume of 1,793,248 shares, compared to its average volume of 2,102,581. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.36 and a current ratio of 2.36. The stock’s fifty day simple moving average is $6.55 and its 200 day simple moving average is $5.32. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -5.58 and a beta of 2.39. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $7.66.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The business had revenue of $379.57 million during the quarter, compared to the consensus estimate of $392.89 million. Diversified Healthcare Trust had a negative return on equity of 15.98% and a negative net margin of 18.59%.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, January 26th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -3.36%.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.