BNP Paribas Financial Markets Purchases 17,455 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

BNP Paribas Financial Markets grew its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 257.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,226 shares of the real estate investment trust’s stock after purchasing an additional 17,455 shares during the quarter. BNP Paribas Financial Markets’ holdings in Community Healthcare Trust were worth $440,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Systematic Financial Management LP lifted its holdings in Community Healthcare Trust by 8.0% in the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after buying an additional 55,558 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of Community Healthcare Trust by 18.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after acquiring an additional 65,642 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Community Healthcare Trust by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock valued at $8,712,000 after purchasing an additional 6,836 shares during the period. Peregrine Capital Management LLC lifted its stake in shares of Community Healthcare Trust by 15.5% in the 2nd quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust’s stock valued at $5,756,000 after purchasing an additional 33,008 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Community Healthcare Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock worth $4,121,000 after purchasing an additional 10,824 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $18.09 on Friday. Community Healthcare Trust Incorporated has a 1 year low of $15.06 and a 1 year high of $29.16. The company has a market capitalization of $510.86 million, a P/E ratio of -201.00, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. The business has a 50-day moving average of $18.13 and a two-hundred day moving average of $20.00.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $29.06 million. During the same period in the previous year, the company posted $0.63 earnings per share. On average, equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.28%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -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.