Diversified Healthcare Trust (NASDAQ:DHCNI) Trading 1.9% Higher – Still a Buy?

Diversified Healthcare Trust – (NASDAQ:DHCNIGet Free Report)’s share price rose 1.9% during trading on Wednesday . The company traded as high as $15.87 and last traded at $15.59. Approximately 369,203 shares traded hands during trading, an increase of 980% from the average daily volume of 34,173 shares. The stock had previously closed at $15.30.

Diversified Healthcare Trust Price Performance

The firm has a 50 day simple moving average of $15.25 and a 200-day simple moving average of $14.98.

Diversified Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 15th were paid a $0.3516 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.41 dividend on an annualized basis and a yield of 9.34%. This is a positive change from Diversified Healthcare Trust’s previous quarterly dividend of $0.35.

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