Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Update

Diversified Healthcare Trust (NASDAQ:DHC) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,110,000 shares, an increase of 11.1% from the October 31st total of 6,400,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is currently 6.6 days. Currently, 3.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Diversified Healthcare Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. New England Private Wealth Advisors LLC purchased a new position in shares of Diversified Healthcare Trust in the 2nd quarter worth approximately $62,000. XTX Topco Ltd purchased a new stake in Diversified Healthcare Trust during the second quarter valued at about $74,000. Creative Planning boosted its stake in shares of Diversified Healthcare Trust by 14.1% in the 3rd quarter. Creative Planning now owns 22,401 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 2,767 shares in the last quarter. Metis Global Partners LLC lifted its position in Diversified Healthcare Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 23,610 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 6,603 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Diversified Healthcare Trust by 68.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,340 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 16,456 shares during the period. Institutional investors and hedge funds own 75.98% of the company’s stock.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC traded up $0.08 during midday trading on Monday, reaching $2.68. 902,888 shares of the company traded hands, compared to its average volume of 1,055,481. 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 firm has a market cap of $646.60 million, a PE ratio of -1.61 and a beta of 2.23. The stock’s 50-day simple moving average is $3.27 and its 200-day simple moving average is $3.15. Diversified Healthcare Trust has a 12 month low of $2.19 and a 12 month high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.46). Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The firm had revenue of $373.64 million for the quarter, compared to analyst estimates of $376.80 million. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, equities analysts anticipate that Diversified Healthcare Trust will post 0.05 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s payout ratio is currently -2.48%.

Wall Street Analysts Forecast Growth

DHC has been the subject of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Diversified Healthcare Trust in a report on Wednesday, August 21st. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Diversified Healthcare Trust from $2.00 to $3.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Finally, B. Riley upped their price target on shares of Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

About Diversified Healthcare Trust

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.