Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 5.1%

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report)'s share price fell 5.1% on Tuesday . The company traded as low as $2.40 and last traded at $2.41. 100,722 shares were traded during trading, a decline of 92% from the average session volume of 1,228,240 shares. The stock had previously closed at $2.54.

Analysts Set New Price Targets

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

Diversified Healthcare Trust Stock Down 7.1 %

The stock's fifty day moving average is $2.71 and its two-hundred day moving average is $2.61. 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 firm has a market cap of $567.39 million, a P/E ratio of -1.92 and a beta of 2.06.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -3.25%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Diversified Healthcare Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 20,078,770 shares of the real estate investment trust's stock worth $75,095,000 after buying an additional 169,925 shares during the last quarter. Barclays PLC increased its holdings in shares of Diversified Healthcare Trust by 399.4% in the 4th quarter. Barclays PLC now owns 361,367 shares of the real estate investment trust's stock worth $1,351,000 after buying an additional 289,009 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Diversified Healthcare Trust by 3.1% in the 4th quarter. Nuveen Asset Management LLC now owns 724,574 shares of the real estate investment trust's stock worth $2,710,000 after buying an additional 21,541 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Diversified Healthcare Trust in the 4th quarter worth $40,000. Finally, Beryl Capital Management LLC increased its holdings in shares of Diversified Healthcare Trust by 44.3% in the 4th quarter. Beryl Capital Management LLC now owns 813,970 shares of the real estate investment trust's stock worth $3,044,000 after buying an additional 250,000 shares during the last quarter. Institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Company Profile

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.