Union Square Park Capital Management LLC Buys 225,000 Shares of Diversified Healthcare Trust (NASDAQ:DHC)

Union Square Park Capital Management LLC boosted its holdings in shares of Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 32.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925,000 shares of the real estate investment trust's stock after purchasing an additional 225,000 shares during the period. Diversified Healthcare Trust accounts for approximately 1.4% of Union Square Park Capital Management LLC's holdings, making the stock its 21st largest holding. Union Square Park Capital Management LLC owned approximately 0.38% of Diversified Healthcare Trust worth $2,128,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Deerfield Management Company L.P. Series C bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $36,000. Boothbay Fund Management LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $41,000. Proficio Capital Partners LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $44,000. RPO LLC bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $54,000. Finally, BNP Paribas Financial Markets bought a new position in Diversified Healthcare Trust during the fourth quarter worth about $65,000. 75.98% of the stock is owned by institutional investors and hedge funds.

Diversified Healthcare Trust Price Performance

Shares of NASDAQ DHC opened at $3.18 on Tuesday. The firm has a market cap of $767.18 million, a P/E ratio of -1.98 and a beta of 2.37. The business's 50 day moving average is $2.47 and its 200-day moving average is $2.47. The company has a current ratio of 11.57, a quick ratio of 11.57 and a debt-to-equity ratio of 1.44. Diversified Healthcare Trust has a 1-year low of $2.00 and a 1-year high of $4.24.

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

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, April 22nd. Diversified Healthcare Trust's payout ratio is -3.28%.

Analysts Set New Price Targets

DHC has been the topic of several recent analyst reports. B. Riley initiated coverage on Diversified Healthcare Trust in a report on Thursday, April 3rd. They set a "buy" rating and a $4.50 target price on the stock. StockNews.com upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a report on Thursday, April 10th.

About Diversified Healthcare Trust

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.

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