Short Interest in Diversified Healthcare Trust (NASDAQ:DHC) Expands By 18.5%


Diversified Healthcare Trust (NASDAQ:DHC – Get Rating) saw a sharp surge in short interest in August. As of August 31, there was short interest totaling 8,970,000 shares, an increase of 18.5% from the August 15 total of 7,570,000 shares. Based on an average daily volume of 2,270,000 shares, the days-to-cover ratio is currently 4.0 days.

Diversified Healthcare Trust price development

Shares of DHC stock opened at $1.32 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt to equity ratio of 0.85. The Diversified Healthcare Trust has a 12-month low of $1.26 and a 12-month high of $3.98. The company has a market cap of $315.64 million, a P/E of 0.77 and a beta of 1.49. The company has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $2.16.

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Diversified Healthcare Trust announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Monday, July 25 received a dividend of $0.01. The ex-dividend date of this dividend was Friday July 22nd. That equates to an annualized dividend of $0.04 and a yield of 3.03%. The Diversified Healthcare Trust’s payout ratio is currently 2.34%.

Hedge funds rely on Diversified Healthcare Trust

Major investors have recently bought and sold shares in the company. Running Point Capital Advisors LLC bought a new position in Diversified Healthcare Trust valued at approximately $32,000 during the first quarter. Walker Asset Management LLC bought a new position in Diversified Healthcare Trust stock valued at about $28,000 during the second quarter. Sciencast Management LP bought a new position in Diversified Healthcare Trust stock valued at about $37,000 during the first quarter. Prelude Capital Management LLC bought a new position in Diversified Healthcare Trust stock valued at about $26,000 during the second quarter. Finally, during the fourth quarter, MQS Management LLC bought a new position in Diversified Healthcare Trust stock valued at about $49,000. 82.68% of the shares are currently owned by institutional investors.

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Diversified Healthcare Trust Company Profile

(get rating)

DHC is a real estate investment trust, or REIT, that owns medical and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc, an alternative asset management company headquartered in Newton, MA.

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