Diversified Healthcare Trust (NASDAQ:DHCNL) Shares Up 0.7% – Should You Buy?

Diversified Healthcare Trust (NASDAQ:DHCNL) traded up 0.7% during mid-day trading on Friday. The company traded as high as $18.53 and last traded at $18.35. 34,026 shares traded hands during trading, an increase of 34% from the average daily volume of 25,408 shares. The stock had previously closed at $18.23.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of Diversified Healthcare Trust in a research note on Monday, October 12th. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Diversified Healthcare Trust Trading Up 0.7%

The company’s fifty day moving average is $18.43 and its 200-day moving average is $18.65.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th were issued a $0.3906 dividend. This represents a $1.56 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Friday, August 14th.

Diversified Healthcare Trust (NASDAQ:DHCNL) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes life science and medical office buildings, as well as senior living communities and other healthcare-oriented properties.

The company leases space to healthcare providers, medical organizations, life science companies and senior living operators. Its properties are located across multiple U.S. markets and are intended to support a range of healthcare delivery, research and senior care activities.

Founded in 1999 as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2019 as its portfolio expanded beyond senior housing.