Diversified Healthcare Trust (NASDAQ:DHCNL) Trading Down 2.1% – Time to Sell?

Diversified Healthcare Trust (NASDAQ:DHCNL) dropped 2.1% during trading on Friday . The stock traded as low as $17.48 and last traded at $17.54. Approximately 25,782 shares were traded during trading, an increase of 121% from the average daily volume of 11,656 shares. The stock had previously closed at $17.91.

Diversified Healthcare Trust Price Performance

The company’s 50-day moving average is $17.87 and its two-hundred day moving average is $17.42.

Diversified Healthcare Trust (NASDAQ:DHCNL) last released its earnings results on Monday, June 2nd. The company reported $0.01 EPS for the quarter. The firm had revenue of $370.78 million during the quarter.

Diversified Healthcare Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Saturday, November 15th will be issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Friday, November 14th.