Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Down to $2.56

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.56, but opened at $2.46. Diversified Healthcare Trust shares last traded at $2.39, with a volume of 100,134 shares traded.

Analysts Set New Price Targets

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

Diversified Healthcare Trust Price Performance

The stock has a fifty day moving average of $2.52 and a 200-day moving average of $2.66. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $557.77 million, a P/E ratio of -1.69 and a beta of 2.09.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.72%. Diversified Healthcare Trust’s payout ratio is -2.92%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beryl Capital Management LLC boosted its position in shares of Diversified Healthcare Trust by 2,833.8% in the 3rd quarter. Beryl Capital Management LLC now owns 563,970 shares of the real estate investment trust’s stock worth $1,094,000 after purchasing an additional 544,747 shares during the last quarter. Graham Capital Management L.P. raised its position in Diversified Healthcare Trust by 1,081.2% in the 3rd quarter. Graham Capital Management L.P. now owns 152,074 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 139,200 shares during the last quarter. Barclays PLC raised its position in Diversified Healthcare Trust by 52.2% in the 3rd quarter. Barclays PLC now owns 72,358 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 24,804 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Diversified Healthcare Trust during the 3rd quarter worth approximately $126,000. Finally, abrdn plc bought a new position in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $1,338,000. 75.98% of the stock is owned by institutional investors and hedge funds.

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.