CastleKnight Management LP Lowers Stock Position in Diversified Healthcare Trust $DHC

CastleKnight Management LP reduced its stake in shares of Diversified Healthcare Trust (NASDAQ:DHC) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,174,742 shares of the real estate investment trust’s stock after selling 115,400 shares during the period. CastleKnight Management LP owned 0.49% of Diversified Healthcare Trust worth $5,697,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Diversified Healthcare Trust by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,756 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 5,544 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Diversified Healthcare Trust by 158.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock worth $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Strs Ohio purchased a new position in Diversified Healthcare Trust in the 1st quarter worth approximately $103,000. JPMorgan Chase & Co. lifted its holdings in Diversified Healthcare Trust by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 923,963 shares of the real estate investment trust’s stock worth $3,308,000 after purchasing an additional 84,572 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Diversified Healthcare Trust by 1.9% in the 2nd quarter. Rhumbline Advisers now owns 388,581 shares of the real estate investment trust’s stock worth $1,391,000 after purchasing an additional 7,084 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHC has been the topic of a number of research analyst reports. Wall Street Zen cut Diversified Healthcare Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada boosted their price target on Diversified Healthcare Trust from $5.00 to $6.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Freedom Capital raised Diversified Healthcare Trust to a “strong-buy” rating in a report on Thursday, April 30th. B. Riley Financial boosted their price target on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Maxim Group boosted their price target on Diversified Healthcare Trust from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.17.

Diversified Healthcare Trust Stock Down 2.3%

Shares of DHC opened at $8.59 on Thursday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.46 and a beta of 2.32. Diversified Healthcare Trust has a 1 year low of $3.18 and a 1 year high of $9.14. The business’s 50 day simple moving average is $8.13 and its 200-day simple moving average is $6.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 5.36 and a quick ratio of 5.36.

Diversified Healthcare Trust (NASDAQ:DHC) last issued 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 firm had revenue of $366.47 million for the quarter, compared to analysts’ expectations of $380.18 million. Diversified Healthcare Trust had a negative return on equity of 18.75% and a negative net margin of 21.10%.Diversified Healthcare Trust has set its FY 2026 guidance at 0.520-0.580 EPS. As a group, equities analysts expect that Diversified Healthcare Trust will post 0.6 earnings per share for the current fiscal year.

Diversified Healthcare Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, April 21st. Diversified Healthcare Trust’s dividend payout ratio is -3.01%.

About Diversified Healthcare Trust

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.