Diversified Healthcare Trust (NASDAQ:DHCNL) Stock Price Down 0.3% – Here’s What Happened

Diversified Healthcare Trust (NASDAQ:DHCNL) traded down 0.3% on Tuesday . The company traded as low as $17.86 and last traded at $17.95. 15,754 shares were traded during trading, an increase of 33% from the average session volume of 11,848 shares. The stock had previously closed at $18.00.

Diversified Healthcare Trust Price Performance

The stock has a 50-day moving average price of $17.83 and a 200-day moving average price of $17.60.

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

Diversified Healthcare Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Saturday, November 15th were given a $0.3906 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 8.7%.

Diversified Healthcare Trust is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of net leased healthcare properties in the United States. Headquartered in Newton, Massachusetts, the company focuses on long-term, triple-net leases with creditworthy operators of senior housing, skilled nursing facilities, medical office buildings and life science properties. Its business model centers on generating stable rental income through passive, inflation-protected lease structures.

Since its formation in 2013, Diversified Healthcare Trust has grown its portfolio through targeted acquisitions and selective development partnerships, assembling assets across multiple states and care segments.