Short Interest in Diversified Healthcare Trust (NASDAQ:DHC) Rises By 11.1%

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

Wall Street Analysts Forecast Growth

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

Diversified Healthcare Trust Stock Performance

Shares of DHC stock traded up $0.08 during midday trading on Monday, hitting $2.68. The company had a trading volume of 902,888 shares, compared to its average volume of 1,055,481. The stock has a market cap of $646.60 million, a price-to-earnings ratio of -1.61 and a beta of 2.23. Diversified Healthcare Trust has a 52-week low of $2.19 and a 52-week high of $4.24. The company’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.15. The company has a debt-to-equity ratio of 1.44, a current ratio of 11.57 and a quick ratio of 11.57.

Diversified Healthcare Trust (NASDAQ:DHC) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.46). The business had revenue of $373.64 million during the quarter, compared to analyst estimates of $376.80 million. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. During the same quarter in the previous year, the company posted $0.03 earnings per share. Research 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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, October 28th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.48%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Barclays PLC raised its stake in shares of Diversified Healthcare Trust by 310.2% during the 3rd quarter. Barclays PLC now owns 324,514 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 245,405 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Diversified Healthcare Trust by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,667,451 shares of the real estate investment trust’s stock valued at $23,751,000 after purchasing an additional 54,602 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Diversified Healthcare Trust by 26.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 418,447 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 86,353 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Diversified Healthcare Trust by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 278,500 shares of the real estate investment trust’s stock worth $1,167,000 after purchasing an additional 18,800 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of Diversified Healthcare Trust in the third quarter valued at approximately $2,995,000. 75.98% of the stock is owned by institutional investors and hedge funds.

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.