Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s stock price traded up 3% on Friday . The stock traded as high as $2.43 and last traded at $2.42. 54,786 shares traded hands during trading, a decline of 95% from the average session volume of 1,204,666 shares. The stock had previously closed at $2.35.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th.
Get Our Latest Stock Analysis on Diversified Healthcare Trust
Diversified Healthcare Trust Price Performance
The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46. The firm has a market cap of $579.41 million, a P/E ratio of -1.96 and a beta of 2.05. The stock's 50-day simple moving average is $2.69 and its two-hundred day simple moving average is $2.61.
Diversified Healthcare Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust's payout ratio is presently -3.25%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Beryl Capital Management LLC grew its holdings in Diversified Healthcare Trust by 2,833.8% during the 3rd quarter. Beryl Capital Management LLC now owns 563,970 shares of the real estate investment trust's stock worth $1,094,000 after acquiring an additional 544,747 shares in the last quarter. Graham Capital Management L.P. lifted its position in shares of Diversified Healthcare Trust by 1,081.2% during the third quarter. Graham Capital Management L.P. now owns 152,074 shares of the real estate investment trust's stock valued at $295,000 after buying an additional 139,200 shares during the last quarter. Barclays PLC lifted its position in shares of Diversified Healthcare Trust by 52.2% during the third quarter. Barclays PLC now owns 72,358 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 24,804 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Diversified Healthcare Trust during the third quarter valued at about $126,000. Finally, Caxton Associates LP lifted its position in shares of Diversified Healthcare Trust by 147.1% during the third quarter. Caxton Associates LP now owns 577,932 shares of the real estate investment trust's stock valued at $1,121,000 after buying an additional 344,055 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.
About Diversified Healthcare Trust
(
Get Free Report)
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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