Diversified Healthcare Trust (NASDAQ:DHCNL) Stock Short Interest Report for October

Diversified Healthcare Trust (NASDAQ:DHCNL) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 60,296 shares, an increase of 161.2% from the October 15th total of 23,084 shares. Based on an average daily volume of 43,417 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Diversified Healthcare Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Diversified Healthcare Trust presently has an average rating of “Sell”.

Diversified Healthcare Trust Stock Performance

DHCNL stock traded down $0.40 during midday trading on Friday, reaching $18.28. The stock had a trading volume of 1,917 shares, compared to its average volume of 27,375. The firm has a fifty day simple moving average of $18.61 and a two-hundred day simple moving average of $18.60. Diversified Healthcare Trust has a 52-week low of $17.00 and a 52-week high of $21.00.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Sunday, November 15th will be paid a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 8.5%. The ex-dividend date is Friday, November 13th.

Diversified Healthcare Trust is a real estate investment trust that owns healthcare-related properties in the United States. Its portfolio includes senior living communities and medical office and life science properties, which it leases to operators and healthcare organizations. The trust’s properties serve a range of needs, from residential care and services for older adults to outpatient medical care and biomedical research. Its portfolio is spread across multiple U.S. markets. Formerly known as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2020.