Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Update

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 7,519,124 shares, an increase of 20.6% from the February 26th total of 6,237,195 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 2,497,587 shares, the short-interest ratio is currently 3.0 days.

Institutional Investors Weigh In On Diversified Healthcare Trust

A number of large investors have recently added to or reduced their stakes in DHC. Metis Global Partners LLC boosted its holdings in shares of Diversified Healthcare Trust by 5.3% in the 4th quarter. Metis Global Partners LLC now owns 51,564 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 2,595 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Diversified Healthcare Trust by 7.0% during the 4th quarter. ProShare Advisors LLC now owns 40,167 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 2,616 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Diversified Healthcare Trust by 24.1% during the 4th quarter. Corient Private Wealth LLC now owns 15,664 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 3,043 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Diversified Healthcare Trust by 20.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 3,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Diversified Healthcare Trust by 4.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 82,348 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 3,803 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Up 2.1%

DHC stock opened at $6.78 on Thursday. The company’s 50 day moving average is $6.58 and its 200 day moving average is $5.34. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -5.70 and a beta of 2.35. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $7.66.

Diversified Healthcare Trust (NASDAQ:DHC) last released its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The company had revenue of $379.57 million during the quarter, compared to analysts’ expectations of $392.89 million. Diversified Healthcare Trust had a negative return on equity of 15.98% and a negative net margin of 18.59%.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were given a $0.01 dividend. The ex-dividend date was Monday, January 26th. This represents a $0.04 annualized dividend and a yield of 0.6%. Diversified Healthcare Trust’s payout ratio is -3.36%.

Wall Street Analyst Weigh In

DHC has been the subject of several recent research reports. B. Riley Financial lifted their price target on Diversified Healthcare Trust from $6.50 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Zacks Research raised Diversified Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada lifted their target price on Diversified Healthcare Trust from $5.00 to $6.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.25.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.