Lonestar Capital Management LLC Has $13.96 Million Stake in Diversified Healthcare Trust $DHC

Lonestar Capital Management LLC decreased its stake in Diversified Healthcare Trust (NASDAQ:DHC) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,900,000 shares of the real estate investment trust’s stock after selling 200,900 shares during the quarter. Diversified Healthcare Trust comprises 5.2% of Lonestar Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Lonestar Capital Management LLC owned about 1.62% of Diversified Healthcare Trust worth $13,962,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Park West Asset Management LLC purchased a new stake in Diversified Healthcare Trust in the 1st quarter worth about $8,583,000. Goldman Sachs Group Inc. boosted its position in shares of 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 buying an additional 2,370,459 shares during the period. Carronade Capital Management LP bought a new position in shares of Diversified Healthcare Trust during the first quarter valued at approximately $4,857,000. LDR Capital Management LLC purchased a new stake in shares of Diversified Healthcare Trust in the second quarter worth approximately $2,560,000. Finally, Nuveen LLC purchased a new stake in shares of Diversified Healthcare Trust in the first quarter worth approximately $1,673,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

Diversified Healthcare Trust Stock Up 0.2%

Shares of Diversified Healthcare Trust stock opened at $4.69 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 16.89 and a quick ratio of 16.89. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -3.21 and a beta of 2.39. The firm’s 50-day moving average is $4.46 and its two-hundred day moving average is $3.98. Diversified Healthcare Trust has a 1 year low of $2.00 and a 1 year high of $4.99.

Diversified Healthcare Trust (NASDAQ:DHC) last issued its quarterly earnings data on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share for the quarter. Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.The company had revenue of $370.78 million for the quarter.

Diversified Healthcare Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were paid a $0.01 dividend. The ex-dividend date was Monday, October 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is -2.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DHC shares. Royal Bank Of Canada upgraded Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $3.00 to $5.00 in a research report on Thursday, November 13th. B. Riley raised their price target on shares of Diversified Healthcare Trust from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.25.

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.