Diversified Healthcare Trust (NASDAQ:DHC) Shares Gap Down to $2.73

Diversified Healthcare Trust (NASDAQ:DHC)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $2.73, but opened at $2.67. Diversified Healthcare Trust shares last traded at $2.68, with a volume of 43,306 shares.

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 Trading Up 10.0 %

The stock has a 50 day moving average price of $2.54 and a 200-day moving average price of $2.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 8.76 and a quick ratio of 8.76.

Diversified Healthcare Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, April 19th. Diversified Healthcare Trust’s payout ratio is -2.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackBarn Capital Partners LP acquired a new position in Diversified Healthcare Trust during the fourth quarter worth $4,488,000. Swiss National Bank acquired a new position in Diversified Healthcare Trust in the 3rd quarter valued at about $716,000. abrdn plc acquired a new position in Diversified Healthcare Trust in the 4th quarter valued at about $1,338,000. Caxton Associates LP grew its stake in shares of Diversified Healthcare Trust by 147.1% in the 3rd quarter. Caxton Associates LP now owns 577,932 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 344,055 shares during the period. Finally, Beryl Capital Management LLC increased its holdings in shares of Diversified Healthcare Trust by 44.3% during the 4th quarter. Beryl Capital Management LLC now owns 813,970 shares of the real estate investment trust’s stock worth $3,044,000 after buying an additional 250,000 shares during 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.