Intech Investment Management LLC Acquires New Shares in Community Healthcare Trust Incorporated (NYSE:CHCT)

Intech Investment Management LLC acquired a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,092 shares of the real estate investment trust’s stock, valued at approximately $251,000.

Several other large investors have also recently added to or reduced their stakes in CHCT. Signaturefd LLC grew its position in shares of Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 905 shares during the last quarter. AlphaQuest LLC grew its position in Community Healthcare Trust by 86.7% in the 4th quarter. AlphaQuest LLC now owns 35,407 shares of the real estate investment trust’s stock worth $680,000 after purchasing an additional 16,446 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Community Healthcare Trust by 20.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 1,828 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Community Healthcare Trust during the fourth quarter valued at approximately $229,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Community Healthcare Trust by 58.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust’s stock worth $6,926,000 after buying an additional 133,482 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $18.22 on Thursday. The firm has a market capitalization of $516.19 million, a PE ratio of -79.20, a P/E/G ratio of 1.28 and a beta of 0.75. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $27.62. The company’s 50 day simple moving average is $19.16 and its 200 day simple moving average is $18.45.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The company had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 10.27%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 24th. Community Healthcare Trust’s dividend payout ratio is presently -813.04%.

Analysts Set New Price Targets

Several analysts recently commented on CHCT shares. Truist Financial raised their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and an average target price of $21.25.

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.