Diversified Healthcare Trust (NASDAQ:DHC) Trading Down 4.2%

Shares of Diversified Healthcare Trust (NASDAQ:DHC) dropped 4.2% on Monday . The stock traded as low as $2.51 and last traded at $2.51. Approximately 251,825 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,138,933 shares. The stock had previously closed at $2.62.

Analysts Set New Price Targets

Separately, StockNews.com lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

Diversified Healthcare Trust Trading Down 3.9 %

The firm has a market capitalization of $533.73 million, a price-to-earnings ratio of -1.80 and a beta of 2.09. The business’s 50 day moving average price is $2.54 and its 200-day moving average price is $2.66. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, April 19th. Diversified Healthcare Trust’s payout ratio is -3.25%.

Institutional Trading of Diversified Healthcare Trust

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Diversified Healthcare Trust by 84.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 3,510 shares in the last quarter. Verum Partners LLC purchased a new position in Diversified Healthcare Trust during the 4th quarter valued at about $43,000. Atomi Financial Group Inc. acquired a new position in Diversified Healthcare Trust during the first quarter worth about $46,000. Oak Thistle LLC purchased a new stake in shares of Diversified Healthcare Trust in the fourth quarter valued at about $53,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Diversified Healthcare Trust in the first quarter valued at about $56,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Company Profile

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location.