Diversified Healthcare Trust (NASDAQ:DHCNL – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 60,296 shares, an increase of 161.2% from the October 15th total of 23,084 shares. Based on an average daily trading volume, of 43,417 shares, the days-to-cover ratio is currently 1.4 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Diversified Healthcare Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, October 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.
Check Out Our Latest Analysis on DHCNL
Diversified Healthcare Trust Stock Performance
Shares of DHCNL stock traded down $0.40 during trading hours on Friday, reaching $18.28. 1,917 shares of the company’s stock were exchanged, compared to its average volume of 27,375. Diversified Healthcare Trust has a fifty-two week low of $17.00 and a fifty-two week high of $21.00. The stock’s 50 day moving average is $18.61 and its 200-day moving average is $18.60.
Diversified Healthcare Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Sunday, November 15th will be issued a $0.3906 dividend. This represents a $1.56 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Friday, November 13th.
Diversified Healthcare Trust is a real estate investment trust that owns healthcare-related properties in the United States. Its portfolio includes senior living communities and medical office and life science properties, which it leases to operators and healthcare organizations. The trust’s properties serve a range of needs, from residential care and services for older adults to outpatient medical care and biomedical research. Its portfolio is spread across multiple U.S. markets. Formerly known as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2020.
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