BlackBarn Capital Partners LP Boosts Position in Diversified Healthcare Trust (NASDAQ:DHC)

BlackBarn Capital Partners LP increased its position in Diversified Healthcare Trust (NASDAQ:DHC) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,250,000 shares of the real estate investment trust’s stock after acquiring an additional 1,841,503 shares during the quarter. Diversified Healthcare Trust comprises approximately 0.8% of BlackBarn Capital Partners LP’s holdings, making the stock its 8th biggest position. BlackBarn Capital Partners LP owned about 2.59% of Diversified Healthcare Trust worth $14,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHC. Geode Capital Management LLC grew its position in shares of Diversified Healthcare Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,696,513 shares of the real estate investment trust’s stock worth $13,105,000 after purchasing an additional 29,062 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diversified Healthcare Trust by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,060,326 shares of the real estate investment trust’s stock worth $4,738,000 after buying an additional 89,415 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Diversified Healthcare Trust by 15.4% during the fourth quarter. Prudential Financial Inc. now owns 1,804,078 shares of the real estate investment trust’s stock worth $4,149,000 after acquiring an additional 241,400 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Diversified Healthcare Trust by 42.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,233,790 shares of the real estate investment trust’s stock valued at $2,838,000 after acquiring an additional 369,984 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Diversified Healthcare Trust by 5.0% in the 4th quarter. Invesco Ltd. now owns 772,528 shares of the real estate investment trust’s stock worth $1,777,000 after purchasing an additional 36,949 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHC. B. Riley began coverage on Diversified Healthcare Trust in a research note on Thursday, April 3rd. They set a “buy” rating and a $4.50 price target for the company. StockNews.com raised shares of Diversified Healthcare Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 10th.

Diversified Healthcare Trust Price Performance

Shares of Diversified Healthcare Trust stock opened at $2.23 on Tuesday. The stock has a market cap of $537.96 million, a price-to-earnings ratio of -1.39 and a beta of 2.02. The company has a debt-to-equity ratio of 1.44, a quick ratio of 11.57 and a current ratio of 11.57. The stock has a 50 day moving average price of $2.47 and a 200-day moving average price of $2.60. Diversified Healthcare Trust has a one year low of $2.00 and a one year high of $4.24.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.31. Diversified Healthcare Trust had a negative net margin of 26.09% and a negative return on equity of 17.55%. The business had revenue of $379.62 million for the quarter, compared to the consensus estimate of $370.97 million.

Diversified Healthcare Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.79%. Diversified Healthcare Trust’s payout ratio is -2.60%.

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.