Trade Alert

Diversified Healthcare Trust (Nasdaq: DHC) is up 300%

_{Posted by Club Member Big Loitte 6.8.23}

Is anyone following the proxy battle between a few hedge funds and a REIT manager over the merger of Diversified Healthcare Trust and Office Properties Income Trust?

Looks like both sides have been grabbing up shares of DHC to bolster their positions ahead of the vote on August 30.

DHC now trades at $2.7, that’s a gain of 300% year-to-date! That said, the stock is still a long way away from its pre-pandemic price level of around $8 bucks. You have to wonder perhaps these hedge funds are seeing value in DHC, and maybe we ought to be in the trade too!?

#DHC #REIT #Hedge Funds #Questions

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