Diversified Healthcare Trust $DHC Shares Acquired by Carronade Capital Management LP

Carronade Capital Management LP boosted its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 10.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,268,435 shares of the real estate investment trust’s stock after acquiring an additional 504,898 shares during the quarter. Diversified Healthcare Trust accounts for about 0.5% of Carronade Capital Management LP’s portfolio, making the stock its 11th biggest holding. Carronade Capital Management LP’s holdings in Diversified Healthcare Trust were worth $34,982,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arini Captial Management Ltd acquired a new position in Diversified Healthcare Trust during the fourth quarter worth $14,400,000. Goldman Sachs Group Inc. lifted its holdings in Diversified Healthcare Trust by 158.9% during the first quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of Diversified Healthcare Trust by 123.1% in the fourth quarter. Centersquare Investment Management LLC now owns 3,229,172 shares of the real estate investment trust’s stock valued at $15,661,000 after purchasing an additional 1,781,839 shares during the period. Bank of New York Mellon Corp grew its position in shares of Diversified Healthcare Trust by 125.1% in the first quarter. Bank of New York Mellon Corp now owns 2,390,413 shares of the real estate investment trust’s stock valued at $15,872,000 after purchasing an additional 1,328,648 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Diversified Healthcare Trust during the fourth quarter worth about $4,484,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Performance

NASDAQ:DHC opened at $9.34 on Monday. The company has a market cap of $2.26 billion, a P/E ratio of -7.02 and a beta of 2.28. Diversified Healthcare Trust has a twelve month low of $3.18 and a twelve month high of $9.66. The company’s 50-day moving average price is $8.94 and its 200-day moving average price is $7.54. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 1.48.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The business had revenue of $366.47 million for the quarter, compared to analysts’ expectations of $380.18 million. Diversified Healthcare Trust had a negative net margin of 21.10% and a negative return on equity of 18.75%. Diversified Healthcare Trust has set its FY 2026 guidance at 0.520-0.580 EPS. On average, sell-side analysts forecast that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, July 20th. Diversified Healthcare Trust’s payout ratio is currently -3.01%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHC shares. B. Riley Financial upped their price target on shares of Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research note on Friday, July 17th. Freedom Capital raised Diversified Healthcare Trust to a “strong-buy” rating in a report on Thursday, April 30th. Maxim Group raised their target price on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.83.

Diversified Healthcare Trust Company Profile

Diversified Healthcare Trust is a real estate investment trust (REIT) specializing in the acquisition, ownership and management of healthcare properties across the United States. The company focuses on assets that serve the senior housing and post-acute care sectors, including skilled nursing facilities, assisted living communities, memory care centers and medical office buildings. By partnering with experienced operators, Diversified Healthcare Trust aims to generate stable, long-term cash flows through triple-net leases and percentage rent structures tailored to each property type.

The company’s portfolio spans multiple states and encompasses a mix of single-tenant and multi-tenant properties.