Diversified Healthcare Trust (NASDAQ:DHC) Sees Large Volume Increase - Here's What Happened

Shares of Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) saw strong trading volume on Friday . 1,280,370 shares changed hands during trading, an increase of 28% from the previous session's volume of 1,001,676 shares.The stock last traded at $2.77 and had previously closed at $2.71.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada increased their target price on Diversified Healthcare Trust from $2.00 to $3.00 and gave the company an "underperform" rating in a research report on Monday, October 14th. StockNews.com upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th.

Diversified Healthcare Trust Stock Performance

The firm has a fifty day moving average price of $2.33 and a 200 day moving average price of $2.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The stock has a market cap of $635.75 million, a PE ratio of -1.64 and a beta of 2.17.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.52%. Diversified Healthcare Trust's dividend payout ratio is presently -2.48%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter valued at about $44,000. Creative Planning raised its stake in shares of Diversified Healthcare Trust by 14.1% during the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 2,767 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Diversified Healthcare Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust's stock valued at $99,000 after buying an additional 6,603 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter valued at about $76,000. Finally, Quantbot Technologies LP raised its stake in shares of Diversified Healthcare Trust by 64.4% during the 4th quarter. Quantbot Technologies LP now owns 34,175 shares of the real estate investment trust's stock valued at $79,000 after buying an additional 13,388 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company's stock.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.