Diversified Healthcare Trust (NASDAQ:DHCNL) Short Interest Update

by · The Cerbat Gem

Diversified Healthcare Trust (NASDAQ:DHCNL – Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 24,522 shares, a growth of 59.1% from the December 31st total of 15,413 shares. Based on an average daily trading volume, of 14,879 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 14,879 shares, the days-to-cover ratio is currently 1.6 days.

Diversified Healthcare Trust Stock Performance

Shares of DHCNL stock traded up $0.10 during midday trading on Friday, hitting $19.00. 11,994 shares of the company were exchanged, compared to its average volume of 10,575. Diversified Healthcare Trust has a 52 week low of $14.20 and a 52 week high of $19.51. The firm’s 50 day moving average price is $18.06 and its two-hundred day moving average price is $17.88.

Diversified Healthcare Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Saturday, November 15th were given a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Friday, November 14th.

Diversified Healthcare Trust is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of net leased healthcare properties in the United States. Headquartered in Newton, Massachusetts, the company focuses on long-term, triple-net leases with creditworthy operators of senior housing, skilled nursing facilities, medical office buildings and life science properties. Its business model centers on generating stable rental income through passive, inflation-protected lease structures.

Since its formation in 2013, Diversified Healthcare Trust has grown its portfolio through targeted acquisitions and selective development partnerships, assembling assets across multiple states and care segments.

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