Short Interest in Diversified Healthcare Trust (NASDAQ:DHC) Expands By 18.5%

Diversified Healthcare Trust (NASDAQ:DHCGet Rating) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 8,970,000 shares, an increase of 18.5% from the August 15th total of 7,570,000 shares. Based on an average daily volume of 2,270,000 shares, the days-to-cover ratio is currently 4.0 days.

Diversified Healthcare Trust Price Performance

Shares of DHC stock opened at $1.32 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Diversified Healthcare Trust has a twelve month low of $1.26 and a twelve month high of $3.98. The company has a market cap of $315.64 million, a P/E ratio of 0.77 and a beta of 1.49. The business has a fifty day simple moving average of $1.67 and a 200 day simple moving average of $2.16.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Monday, July 25th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, July 22nd. This represents a $0.04 annualized dividend and a yield of 3.03%. Diversified Healthcare Trust’s dividend payout ratio is presently 2.34%.

Hedge Funds Weigh In On Diversified Healthcare Trust

Large investors have recently bought and sold shares of the company. Running Point Capital Advisors LLC bought a new position in Diversified Healthcare Trust in the first quarter valued at about $32,000. Walker Asset Management LLC bought a new position in shares of Diversified Healthcare Trust during the second quarter worth about $28,000. Sciencast Management LP bought a new position in shares of Diversified Healthcare Trust during the first quarter worth about $37,000. Prelude Capital Management LLC bought a new position in shares of Diversified Healthcare Trust during the second quarter worth about $26,000. Finally, MQS Management LLC bought a new position in shares of Diversified Healthcare Trust during the fourth quarter worth about $49,000. 82.68% of the stock is currently owned by institutional investors.

Diversified Healthcare Trust Company Profile

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DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company that is headquartered in Newton, MA.

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