Diversified Healthcare Trust – (NASDAQ:DHCNI) Short Interest Up 579.2% in December

by · The Markets Daily

Diversified Healthcare Trust – (NASDAQ:DHCNI – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 58,605 shares, a growth of 579.2% from the December 15th total of 8,628 shares. Based on an average daily volume of 54,148 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 54,148 shares, the days-to-cover ratio is presently 1.1 days.

Diversified Healthcare Trust Stock Performance

Shares of NASDAQ DHCNI traded down $0.02 during trading hours on Monday, reaching $16.85. 20,815 shares of the stock traded hands, compared to its average volume of 18,774. The company’s 50-day simple moving average is $16.87 and its two-hundred day simple moving average is $16.86. Diversified Healthcare Trust has a 52-week low of $12.79 and a 52-week high of $18.29.

Diversified Healthcare Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.3516 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $1.41 annualized dividend and a dividend yield of 8.3%.

Diversified Healthcare Trust (NASDAQ: DHCNI) is a publicly traded real estate investment trust (REIT) specializing in healthcare and life science properties. The company’s primary business activities include the acquisition, development, ownership and management of net‐leased medical office buildings, senior housing facilities and life science research and development assets. In addition to property investments, Diversified Healthcare Trust holds mortgage loans and preferred equity interests in the healthcare sector, offering diversified exposure to both real estate and structured financing arrangements.

The company’s portfolio spans a broad range of healthcare asset types, including medical office buildings leased to health systems and physician groups, senior living communities operated by leading care providers, and life science campuses serving biotechnology and pharmaceutical companies.

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