Diversified Healthcare Trust (NASDAQ:DHC) Trading Up 4.3%

Diversified Healthcare Trust (NASDAQ:DHC) was up 4.3% on Tuesday . The company traded as high as $3.14 and last traded at $3.14. Approximately 434,183 shares changed hands during trading, a decline of 61% from the average daily volume of 1,109,105 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

Diversified Healthcare Trust Stock Down 0.3 %

The company has a market cap of $762.80 million, a P/E ratio of -2.31 and a beta of 2.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 8.76 and a quick ratio of 8.76. The company’s 50-day moving average is $2.59 and its two-hundred day moving average is $2.78.

Diversified Healthcare Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is currently -2.92%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackBarn Capital Partners LP purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter worth $4,488,000. abrdn plc purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter worth $1,338,000. Beryl Capital Management LLC boosted its stake in shares of Diversified Healthcare Trust by 44.3% during 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 acquiring an additional 250,000 shares during the last quarter. Pale Fire Capital SE boosted its stake 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 acquiring an additional 167,543 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its stake in shares of Diversified Healthcare Trust by 1,081.2% during the 3rd quarter. Graham Capital Management L.P. now owns 152,074 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 139,200 shares during the last quarter. Hedge funds and other 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.