Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Up 15.7% in July

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 7,530,000 shares, an increase of 15.7% from the July 15th total of 6,510,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 7.5 days. Currently, 3.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

DHC has been the subject of a number of research analyst reports. StockNews.com cut shares of Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, August 13th. B. Riley boosted their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Monday, August 5th.

Diversified Healthcare Trust Price Performance

DHC traded down $0.02 on Friday, hitting $3.17. 364,144 shares of the stock were exchanged, compared to its average volume of 932,443. The firm has a market capitalization of $762.61 million, a price-to-earnings ratio of -2.31 and a beta of 2.20. The company has a debt-to-equity ratio of 1.36, a current ratio of 11.63 and a quick ratio of 11.63. Diversified Healthcare Trust has a 12 month low of $1.68 and a 12 month high of $3.96. The business has a 50-day moving average of $3.10 and a two-hundred day moving average of $2.77.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.44). The firm had revenue of $371.39 million for the quarter, compared to the consensus estimate of $372.11 million. Diversified Healthcare Trust had a negative return on equity of 15.36% and a negative net margin of 24.14%. During the same period last year, the company posted $0.05 EPS. Sell-side analysts forecast that Diversified Healthcare Trust will post 0.2 EPS for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.26%. Diversified Healthcare Trust's payout ratio is -2.92%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors have recently modified their holdings of the business. BlackBarn Capital Partners LP acquired a new stake in Diversified Healthcare Trust in the fourth quarter valued at approximately $4,488,000. Victory Capital Management Inc. increased its holdings in Diversified Healthcare Trust by 22.7% in the 4th quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 5,379 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Diversified Healthcare Trust by 12.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 137,075 shares of the real estate investment trust's stock valued at $477,000 after purchasing an additional 15,681 shares during the last quarter. abrdn plc acquired a new stake in shares of Diversified Healthcare Trust during the fourth quarter valued at about $1,338,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth about $165,000. 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.