Diversified Healthcare Trust (NASDAQ:DHC) Trading Up 7.9%

Diversified Healthcare Trust (NASDAQ:DHC)’s share price shot up 7.9% during trading on Friday . The company traded as high as $2.65 and last traded at $2.61. 308,692 shares were traded during trading, a decline of 73% from the average session volume of 1,141,415 shares. The stock had previously closed at $2.42.

Analysts Set New Price Targets

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

Diversified Healthcare Trust Stock Up 8.3 %

The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $629.90 million, a PE ratio of -2.13 and a beta of 2.09. The business has a 50-day moving average price of $2.59 and a 200-day moving average price of $2.65.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, April 19th. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -3.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Diversified Healthcare Trust by 84.4% during 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 buying an additional 3,510 shares during the period. Verum Partners LLC purchased a new position in shares of Diversified Healthcare Trust during the 4th quarter worth approximately $43,000. Oak Thistle LLC acquired a new stake in Diversified Healthcare Trust in the 4th quarter valued at approximately $53,000. Simplicity Wealth LLC purchased a new stake in Diversified Healthcare Trust in the first quarter valued at approximately $56,000. Finally, Victory Capital Management Inc. lifted its stake in Diversified Healthcare Trust by 22.7% during the fourth quarter. Victory Capital Management Inc. now owns 29,096 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 5,379 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.

About Diversified Healthcare Trust

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.