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

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

Wall Street Analysts Forecast Growth

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

Diversified Healthcare Trust Price Performance

The firm has a market capitalization of $577.01 million, a P/E ratio of -2.07 and a beta of 2.06. The stock’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $2.61. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46.

Diversified Healthcare Trust Announces Dividend

The company also recently declared 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. This represents a $0.04 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio is currently -3.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHC. Charles Schwab Investment Management Inc. grew its holdings in shares of Diversified Healthcare Trust by 325.0% during 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. Millennium Management LLC increased its holdings in shares of 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 purchasing an additional 10,351,271 shares during the period. AQR Capital Management LLC increased its holdings in shares of Diversified Healthcare Trust by 406.8% in the fourth quarter. AQR Capital Management LLC now owns 5,826,605 shares of the real estate investment trust’s stock valued at $3,769,000 after purchasing an additional 4,676,808 shares during the period. Jane Street Group LLC raised its stake in shares of Diversified Healthcare Trust by 1,940.1% in the fourth quarter. Jane Street Group LLC now owns 3,993,402 shares of the real estate investment trust’s stock worth $2,583,000 after purchasing an additional 3,797,661 shares during the last quarter. Finally, State Street Corp raised its stake in shares of 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 worth $50,110,000 after purchasing an additional 1,710,824 shares during the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

About Diversified Healthcare Trust

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.