Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Up 8.5% in August

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) saw a large growth in short interest in August. As of August 15th, there was short interest totalling 8,170,000 shares, a growth of 8.5% from the July 31st total of 7,530,000 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 973,300 shares, the short-interest ratio is presently 8.4 days.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackBarn Capital Partners LP lifted its holdings in Diversified Healthcare Trust by 128.6% in the 2nd quarter. BlackBarn Capital Partners LP now owns 4,000,000 shares of the real estate investment trust's stock worth $12,200,000 after purchasing an additional 2,250,000 shares during the last quarter. Beryl Capital Management LLC lifted its stake in shares of Diversified Healthcare Trust by 44.3% in the fourth 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. Pale Fire Capital SE boosted its holdings in shares of Diversified Healthcare Trust by 47.7% during the 4th quarter. Pale Fire Capital SE now owns 518,652 shares of the real estate investment trust's stock worth $1,940,000 after buying an additional 167,543 shares during the period. Brigade Capital Management LP acquired a new position in Diversified Healthcare Trust in the 4th quarter valued at $374,000. Finally, Black Maple Capital Management LP bought a new position in Diversified Healthcare Trust in the 1st quarter worth $246,000. Institutional investors and hedge funds own 75.98% of the company's stock.

Wall Street Analyst Weigh In

DHC has been the topic of a number of research reports. JMP Securities reiterated a "market perform" rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. B. Riley upped their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a "buy" rating in a report on Monday, August 5th. Finally, StockNews.com downgraded Diversified Healthcare Trust from a "hold" rating to a "sell" rating in a research report on Saturday.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHC remained flat at $3.48 during mid-day trading on Monday. 536,100 shares of the stock were exchanged, compared to its average volume of 1,041,961. The company has a quick ratio of 11.63, a current ratio of 11.63 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $837.18 million, a P/E ratio of -2.54 and a beta of 2.20. The business has a 50-day simple moving average of $3.24 and a two-hundred day simple moving average of $2.83. Diversified Healthcare Trust has a 1-year low of $1.68 and a 1-year high of $3.96.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last posted 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 company had revenue of $371.39 million during the quarter, compared to analyst estimates 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 earnings per share. Sell-side analysts forecast that Diversified Healthcare Trust will post 0.2 earnings per share for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.15%. The ex-dividend date was Monday, July 22nd. Diversified Healthcare Trust's dividend payout ratio is -2.92%.

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.