Diversified Healthcare Trust (NASDAQ:DHC) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Diversified Healthcare Trust (NASDAQ:DHC) from a hold rating to a sell rating in a report published on Tuesday.

Diversified Healthcare Trust Stock Performance

Shares of Diversified Healthcare Trust stock opened at $2.46 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46. The firm has a market cap of $591.43 million, a P/E ratio of -2.00 and a beta of 2.08. The firm has a 50 day simple moving average of $2.80 and a 200 day simple moving average of $2.58. Diversified Healthcare Trust has a fifty-two week low of $0.80 and a fifty-two week high of $3.96.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 22nd were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, January 19th. Diversified Healthcare Trust’s dividend payout ratio is currently -3.25%.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. bought a new position in Diversified Healthcare Trust in the second quarter valued at approximately $25,000. LPL Financial LLC bought a new position in Diversified Healthcare Trust in the second quarter valued at approximately $25,000. Prelude Capital Management LLC bought a new position in Diversified Healthcare Trust in the second quarter valued at approximately $26,000. Graham Capital Management L.P. bought a new position in Diversified Healthcare Trust in the second quarter valued at approximately $29,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Diversified Healthcare Trust by 84.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,671 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 3,510 shares during the last quarter. Institutional investors and hedge funds 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.