Diversified Healthcare Trust (NASDAQ:DHCNL) Shares Down 2.1% – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHCNL)’s stock price was down 2.1% during mid-day trading on Friday . The stock traded as low as $17.48 and last traded at $17.54. Approximately 25,782 shares changed hands during trading, an increase of 121% from the average daily volume of 11,656 shares. The stock had previously closed at $17.91.

Diversified Healthcare Trust Trading Down 2.1%

The company has a fifty day simple moving average of $17.87 and a 200 day simple moving average of $17.42.

Diversified Healthcare Trust (NASDAQ:DHCNL) last announced its earnings results on Monday, June 2nd. The company reported $0.01 EPS for the quarter. The business had revenue of $370.78 million for the quarter.

Diversified Healthcare Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Saturday, November 15th will be issued a dividend of $0.3906 per share. The ex-dividend date is Friday, November 14th. This represents a $1.56 annualized dividend and a yield of 8.9%.