Short Interest in Diversified Healthcare Trust (NASDAQ:DHC) Rises By 16.4%

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 8,720,000 shares, an increase of 16.4% from the February 13th total of 7,490,000 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is currently 8.1 days.

Diversified Healthcare Trust Trading Down 1.5 %

DHC stock opened at $2.68 on Friday. Diversified Healthcare Trust has a 52 week low of $2.01 and a 52 week high of $4.24. The company’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.84. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The company has a market capitalization of $646.61 million, a PE ratio of -1.66 and a beta of 2.15.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.31. The firm had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%.

Diversified Healthcare Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.60%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently modified their holdings of DHC. Deerfield Management Company L.P. Series C bought a new position in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $36,000. Boothbay Fund Management LLC bought a new position in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $41,000. Proficio Capital Partners LLC bought a new position in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $44,000. RPO LLC bought a new position in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $54,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Diversified Healthcare Trust in the fourth quarter worth approximately $65,000. 75.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.