Diversified Healthcare Trust (NASDAQ:DHC) Downgraded to “Sell” at StockNews.com

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

Diversified Healthcare Trust Stock Down 3.2 %

NASDAQ DHC opened at $2.45 on Thursday. The business’s 50-day moving average is $2.90 and its 200 day moving average is $2.59. The company has a debt-to-equity ratio of 1.21, a current ratio of 8.46 and a quick ratio of 8.46. The stock has a market capitalization of $589.02 million, a PE ratio of -1.99 and a beta of 2.08. Diversified Healthcare Trust has a 1 year low of $0.80 and a 1 year high of $3.96.

Diversified Healthcare Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, January 19th. Diversified Healthcare Trust’s payout ratio is -3.25%.

Institutional Trading of Diversified Healthcare Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. purchased a new position in shares of Diversified Healthcare Trust in the second quarter worth $25,000. LPL Financial LLC acquired a new stake in Diversified Healthcare Trust during the 2nd quarter worth approximately $25,000. Prelude Capital Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the 2nd quarter valued at $26,000. Graham Capital Management L.P. purchased a new position in shares of Diversified Healthcare Trust in the 2nd quarter valued at $29,000. Finally, Allspring Global Investments Holdings LLC grew its position in Diversified Healthcare Trust by 84.4% during the 4th 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 last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.

Diversified Healthcare Trust Company Profile

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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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