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

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price dropped 5.1% during trading 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.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

Diversified Healthcare Trust Price Performance

The company’s 50 day moving average price is $2.70 and its 200-day moving average price is $2.61. The stock has a market cap of $564.99 million, a P/E ratio of -1.91 and a beta of 2.05. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.25%.

Institutional Investors Weigh In On Diversified Healthcare Trust

Several large investors have recently modified their holdings of DHC. LPL Financial LLC acquired a new stake in Diversified Healthcare Trust in the second quarter worth $25,000. Prelude Capital Management LLC acquired a new stake in Diversified Healthcare Trust in the second quarter worth $26,000. Allspring Global Investments Holdings LLC grew its holdings 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 worth $29,000 after purchasing an additional 3,510 shares during the period. Bleakley Financial Group LLC acquired a new stake in Diversified Healthcare Trust in the first quarter worth $33,000. Finally, M&T Bank Corp grew its holdings in Diversified Healthcare Trust by 48.0% in the third quarter. M&T Bank Corp now owns 36,126 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 11,716 shares during the period. 75.98% of the stock is currently owned by institutional investors and hedge funds.

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.