Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) shares fell 7.7% on Wednesday . The company traded as low as $2.52 and last traded at $2.53. 409,173 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,261,163 shares. The stock had previously closed at $2.74.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th.
View Our Latest Research Report on Diversified Healthcare Trust
Diversified Healthcare Trust Price Performance
The company's 50 day moving average is $2.72 and its 200 day moving average is $2.60. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $622.68 million, a price-to-earnings ratio of -2.11 and a beta of 2.05.
Diversified Healthcare Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 22nd were paid a dividend of $0.01 per share. The ex-dividend date was Friday, January 19th. This represents a $0.04 annualized dividend and a yield of 1.54%. Diversified Healthcare Trust's dividend payout ratio is currently -3.25%.
Institutional Investors Weigh In On Diversified Healthcare Trust
Several hedge funds and other institutional investors have recently bought and sold shares of DHC. LPL Financial LLC acquired a new position in Diversified Healthcare Trust in the second quarter valued at $25,000. Prelude Capital Management LLC acquired a new position in Diversified Healthcare Trust in the second quarter valued at $26,000. Allspring Global Investments Holdings LLC increased its stake in Diversified Healthcare Trust by 84.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 3,510 shares during the period. Bleakley Financial Group LLC acquired a new position in Diversified Healthcare Trust in the first quarter valued at $33,000. Finally, M&T Bank Corp increased its stake in Diversified Healthcare Trust by 48.0% in the third quarter. M&T Bank Corp now owns 36,126 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 11,716 shares during the period. 75.98% of the stock is currently owned by institutional investors and hedge funds.
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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