Diversified Healthcare Trust (NASDAQ:DHC) Shares Bought by CastleKnight Management LP

CastleKnight Management LP lifted its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 30.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,845,842 shares of the real estate investment trust's stock after acquiring an additional 427,400 shares during the period. CastleKnight Management LP owned approximately 0.77% of Diversified Healthcare Trust worth $4,245,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DHC. Boothbay Fund Management LLC acquired a new position in Diversified Healthcare Trust in the 4th quarter worth approximately $41,000. Proficio Capital Partners LLC purchased a new position in Diversified Healthcare Trust in the 4th quarter worth approximately $44,000. RPO LLC acquired a new stake in Diversified Healthcare Trust during the fourth quarter worth about $54,000. BNP Paribas Financial Markets acquired a new position in shares of Diversified Healthcare Trust in the 4th quarter valued at $65,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Diversified Healthcare Trust in the 4th quarter valued at approximately $76,000. Institutional investors and hedge funds own 75.98% of the company's stock.

Analysts Set New Price Targets

DHC has been the subject of a number of analyst reports. StockNews.com raised Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th. B. Riley started coverage on shares of Diversified Healthcare Trust in a research report on Thursday, April 3rd. They set a "buy" rating and a $4.50 target price on the stock.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock traded up $0.05 during trading on Friday, hitting $3.01. 572,628 shares of the company were exchanged, compared to its average volume of 1,007,142. Diversified Healthcare Trust has a fifty-two week low of $2.00 and a fifty-two week high of $4.24. The company has a quick ratio of 11.57, a current ratio of 11.57 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average price of $2.42 and a 200 day moving average price of $2.50. The stock has a market capitalization of $726.12 million, a price-to-earnings ratio of -1.87 and a beta of 2.37.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Diversified Healthcare Trust had a negative return on equity of 17.55% and a negative net margin of 26.09%. The business had revenue of $386.86 million for the quarter, compared to the consensus estimate of $381.19 million.

Diversified Healthcare Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.33%. Diversified Healthcare Trust's dividend payout ratio (DPR) is presently -3.28%.

Diversified Healthcare Trust Profile

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.