Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Down 7.5% in March

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 7,270,000 shares, a decrease of 7.5% from the March 15th total of 7,860,000 shares. Approximately 3.4% of the company's stock are sold short. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is presently 5.7 days.

Diversified Healthcare Trust Stock Performance

Shares of DHC traded down $0.18 during midday trading on Tuesday, hitting $2.36. 620,618 shares of the stock traded hands, compared to its average volume of 1,235,837. Diversified Healthcare Trust has a 1-year low of $0.80 and a 1-year high of $3.96. The firm has a market capitalization of $567.39 million, a PE ratio of -1.92 and a beta of 2.06. The company has a debt-to-equity ratio of 1.21, a quick ratio of 8.46 and a current ratio of 8.46. The business's 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.61.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, April 19th. Diversified Healthcare Trust's payout ratio is currently -3.25%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Diversified Healthcare Trust by 325.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,358,304 shares of the real estate investment trust's stock worth $23,434,000 after acquiring an additional 13,274,098 shares in the last quarter. Millennium Management LLC raised its position in Diversified Healthcare Trust by 383.0% in the fourth quarter. Millennium Management LLC now owns 13,054,108 shares of the real estate investment trust's stock worth $8,443,000 after acquiring an additional 10,351,271 shares in the last quarter. AQR Capital Management LLC raised its position in Diversified Healthcare Trust by 406.8% in the fourth quarter. AQR Capital Management LLC now owns 5,826,605 shares of the real estate investment trust's stock worth $3,769,000 after acquiring an additional 4,676,808 shares in the last quarter. Jane Street Group LLC raised its position in Diversified Healthcare Trust by 1,940.1% in the fourth quarter. Jane Street Group LLC now owns 3,993,402 shares of the real estate investment trust's stock worth $2,583,000 after acquiring an additional 3,797,661 shares in the last quarter. Finally, State Street Corp raised its position in Diversified Healthcare Trust by 12.3% in the first quarter. State Street Corp now owns 15,659,509 shares of the real estate investment trust's stock worth $50,110,000 after acquiring an additional 1,710,824 shares in the last quarter. Institutional investors and hedge funds own 75.98% of the company's stock.

About Diversified Healthcare Trust

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.

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