Diversified Healthcare Trust (NASDAQ:DHC) Short Interest Up 16.4% in February

Diversified Healthcare Trust (NASDAQ:DHC) saw a large 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. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is presently 8.1 days.

Hedge Funds Weigh In On Diversified Healthcare Trust

Several large investors have recently made changes to their positions in the company. BlackBarn Capital Partners LP grew its holdings in shares of Diversified Healthcare Trust by 41.8% in the 4th quarter. BlackBarn Capital Partners LP now owns 6,250,000 shares of the real estate investment trust’s stock valued at $14,375,000 after buying an additional 1,841,503 shares during the period. RBF Capital LLC increased its stake in Diversified Healthcare Trust by 433.1% in the 3rd quarter. RBF Capital LLC now owns 1,300,000 shares of the real estate investment trust’s stock valued at $5,447,000 after buying an additional 1,056,131 shares during the last quarter. Anson Funds Management LP acquired a new stake in Diversified Healthcare Trust in the 3rd quarter valued at $2,995,000. Jacobs Levy Equity Management Inc. acquired a new stake in Diversified Healthcare Trust in the 3rd quarter valued at $2,197,000. Finally, Cibc World Markets Corp acquired a new position in shares of Diversified Healthcare Trust during the 4th quarter worth about $990,000. Institutional investors and hedge funds own 75.98% of the company’s stock.

Analyst Ratings Changes

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

Diversified Healthcare Trust Stock Up 2.8 %

NASDAQ DHC traded up $0.08 during trading on Wednesday, reaching $2.73. The company’s stock had a trading volume of 342,842 shares, compared to its average volume of 966,340. The business has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.84. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.01 and a 1-year high of $4.24. The stock has a market capitalization of $657.47 million, a PE ratio of -1.69 and a beta of 2.15.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its 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. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $379.62 million for the quarter, compared to analyst estimates of $370.97 million.

Diversified Healthcare Trust Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, January 27th. Diversified Healthcare Trust’s dividend payout ratio is currently -2.60%.

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.