Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Fmr LLC

Fmr LLC lessened its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 71.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,938 shares of the real estate investment trust’s stock after selling 12,150 shares during the quarter. Fmr LLC’s holdings in Community Healthcare Trust were worth $90,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Community Healthcare Trust by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 552 shares during the period. SG Americas Securities LLC grew its holdings in Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 618 shares during the period. Daiwa Securities Group Inc. raised its position in Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Community Healthcare Trust by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Community Healthcare Trust by 12.1% during the 2nd quarter. Inspire Investing LLC now owns 15,166 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 1,635 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Down 2.1 %

Shares of Community Healthcare Trust stock opened at $17.94 on Tuesday. The stock has a market cap of $506.66 million, a PE ratio of -199.33, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $28.10. The business has a fifty day simple moving average of $18.34 and a 200-day simple moving average of $19.77.

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 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 company had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.06 million. During the same period last year, the company posted $0.63 earnings per share. Analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.37%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -2,066.67%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Piper Sandler lifted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Truist Financial upped their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust 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.