Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 11.2% during the third quarter, Holdings Channel.com reports. The fund owned 8,323 shares of the real estate investment trust’s stock after acquiring an additional 840 shares during the period. Daiwa Securities Group Inc.’s holdings in Community Healthcare Trust were worth $151,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Community Healthcare Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock worth $78,373,000 after acquiring an additional 53,282 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Community Healthcare Trust in the first quarter worth $34,000. Price T Rowe Associates Inc. MD increased its position in shares of Community Healthcare Trust by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 919 shares during the last quarter. SG Americas Securities LLC raised its stake in Community Healthcare Trust by 65.7% during the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 3,630 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Community Healthcare Trust by 124.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 52,794 shares of the real estate investment trust’s stock valued at $1,235,000 after acquiring an additional 29,297 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial cut their price target on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, Piper Sandler upped their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Price Performance

Shares of CHCT opened at $18.90 on Monday. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.16. The stock has a market capitalization of $533.74 million, a P/E ratio of -210.00, a P/E/G ratio of 1.29 and a beta of 0.67. The firm’s 50 day moving average is $17.93 and its 200-day moving average is $20.35.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The business had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.06 million. During the same quarter last year, the firm posted $0.63 EPS. As a group, equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 9.84%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is currently -2,066.67%.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.