Diversified Healthcare Trust (NASDAQ:DHCNL – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 23,084 shares, a decline of 43.2% from the September 30th total of 40,616 shares. Based on an average daily volume of 16,894 shares, the short-interest ratio is presently 1.4 days.
Diversified Healthcare Trust Stock Down 0.8%
NASDAQ:DHCNL opened at $19.58 on Tuesday. The firm’s 50 day moving average is $18.51 and its 200 day moving average is $18.56. Diversified Healthcare Trust has a 12 month low of $17.00 and a 12 month high of $21.00.
Diversified Healthcare Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Sunday, November 15th will be issued a dividend of $0.3906 per share. This represents a $1.56 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Friday, November 13th.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Diversified Healthcare Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on DHCNL
Diversified Healthcare Trust (NASDAQ:DHCNL) is a real estate investment trust that owns and manages healthcare-related properties in the United States. Its portfolio includes life science and medical office buildings, as well as senior living communities and other healthcare-oriented properties.
The company leases space to healthcare providers, medical organizations, life science companies and senior living operators. Its properties are located across multiple U.S. markets and are intended to support a range of healthcare delivery, research and senior care activities.
Founded in 1999 as Senior Housing Properties Trust, the company adopted the Diversified Healthcare Trust name in 2019 as its portfolio expanded beyond senior housing.
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