Diversified Healthcare Trust (NASDAQ:DHC) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Diversified Healthcare Trust (NASDAQ:DHCFree Report) from a sell rating to a hold rating in a report released on Thursday morning.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock opened at $2.75 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $3.00 and its two-hundred day moving average price is $2.55. Diversified Healthcare Trust has a 52 week low of $0.64 and a 52 week high of $3.96. The stock has a market cap of $661.24 million, a PE ratio of -2.57 and a beta of 2.06.

Diversified Healthcare Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, January 19th. This represents a $0.04 annualized dividend and a yield of 1.45%. Diversified Healthcare Trust’s payout ratio is presently -3.74%.

Institutional Trading of Diversified Healthcare Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Belvedere Trading LLC acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $163,000. Corsair Capital Management L.P. acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $38,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Diversified Healthcare Trust by 7.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,645,958 shares of the real estate investment trust’s stock valued at $41,953,000 after purchasing an additional 1,287,654 shares during the period. Beryl Capital Management LLC acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $43,000. Finally, Graham Capital Management L.P. acquired a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 95.35% of the company’s stock.

About Diversified Healthcare Trust

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DHC is a real estate investment trust 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. As of September 30, 2023, DHC's approximately $7.2 billion portfolio included 376 properties in 36 states and Washington, DC, occupied by approximately 500 tenants, and totaling approximately 9 million square feet of life science and medical office properties and more than 27,000 senior living units.

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