Diversified Healthcare Trust – (NASDAQ:DHCNI) Sees Large Drop in Short Interest

Diversified Healthcare Trust – (NASDAQ:DHCNI) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 17,357 shares, a decline of 70.4% from the December 31st total of 58,605 shares. Based on an average trading volume of 19,805 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 19,805 shares, the days-to-cover ratio is presently 0.9 days.

Diversified Healthcare Trust Stock Up 0.6%

NASDAQ:DHCNI traded up $0.11 during trading hours on Thursday, hitting $17.23. 462 shares of the company were exchanged, compared to its average volume of 12,996. The company has a fifty day simple moving average of $16.91 and a 200 day simple moving average of $16.96. Diversified Healthcare Trust has a one year low of $12.79 and a one year high of $18.29.

Diversified Healthcare Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th will be given a dividend of $0.3516 per share. This represents a $1.41 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th.

Diversified Healthcare Trust (NASDAQ: DHCNI) is a publicly traded real estate investment trust (REIT) specializing in healthcare and life science properties. The company’s primary business activities include the acquisition, development, ownership and management of net‐leased medical office buildings, senior housing facilities and life science research and development assets. In addition to property investments, Diversified Healthcare Trust holds mortgage loans and preferred equity interests in the healthcare sector, offering diversified exposure to both real estate and structured financing arrangements.

The company’s portfolio spans a broad range of healthcare asset types, including medical office buildings leased to health systems and physician groups, senior living communities operated by leading care providers, and life science campuses serving biotechnology and pharmaceutical companies.