Diversified Healthcare Trust (NASDAQ:DHC) Shares Down 5.1%

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price was down 5.1% during mid-day trading on Tuesday . The company traded as low as $2.40 and last traded at $2.41. Approximately 100,722 shares changed hands during trading, a decline of 92% from the average daily volume of 1,228,240 shares. The stock had previously closed at $2.54.

Analyst Upgrades and Downgrades

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

Diversified Healthcare Trust Stock Down 0.4 %

The business has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.61. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 1.21. The stock has a market cap of $564.99 million, a PE ratio of -1.91 and a beta of 2.05.

Diversified Healthcare Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.01 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.70%. Diversified Healthcare Trust’s payout ratio is currently -3.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Diversified Healthcare Trust by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 38,802,326 shares of the real estate investment trust’s stock valued at $124,168,000 after purchasing an additional 106,629 shares in the last quarter. BlackRock Inc. lifted its stake in Diversified Healthcare Trust by 3.0% in the second quarter. BlackRock Inc. now owns 18,267,829 shares of the real estate investment trust’s stock valued at $41,103,000 after buying an additional 533,111 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Diversified Healthcare Trust by 325.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,358,304 shares of the real estate investment trust’s stock valued at $23,434,000 after buying an additional 13,274,098 shares during the last quarter. State Street Corp lifted its stake in Diversified Healthcare Trust by 12.3% in the first quarter. State Street Corp now owns 15,659,509 shares of the real estate investment trust’s stock valued at $50,110,000 after buying an additional 1,710,824 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Diversified Healthcare Trust by 383.0% in the fourth quarter. Millennium Management LLC now owns 13,054,108 shares of the real estate investment trust’s stock valued at $8,443,000 after buying an additional 10,351,271 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

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.