Community Healthcare Trust Incorporated (NYSE:CHCT) Holdings Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,888 shares of the real estate investment trust’s stock after selling 14,326 shares during the period. State of Alaska Department of Revenue’s holdings in Community Healthcare Trust were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Community Healthcare Trust in the 1st quarter worth about $34,000. Hancock Whitney Corp acquired a new stake in shares of Community Healthcare Trust during the 1st quarter valued at about $217,000. SG Americas Securities LLC lifted its holdings in Community Healthcare Trust by 65.7% in the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 3,630 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Community Healthcare Trust in the 2nd quarter worth approximately $243,000. Finally, American Century Companies Inc. lifted its holdings in Community Healthcare Trust by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 552 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Trading Up 1.5 %

NYSE:CHCT opened at $18.79 on Friday. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $29.16. The business’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $21.00. The firm has a market capitalization of $530.63 million, a price-to-earnings ratio of -208.78, a PEG ratio of 1.28 and a beta of 0.67.

Community Healthcare Trust (NYSE:CHCT) last announced 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 the consensus estimate of $29.06 million. During the same quarter last year, the company earned $0.63 earnings per share. Sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.465 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a dividend yield of 9.90%. The ex-dividend date of this dividend is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is -2,055.56%.

Analyst Ratings Changes

A number of brokerages have recently commented on CHCT. Truist Financial cut their price target on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Robert W. Baird lowered their price target on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Piper Sandler boosted their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price target for the company from $21.00 to $18.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Company Profile

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.