Capital Square LLC Takes $286,000 Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Capital Square LLC purchased a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,753 shares of the real estate investment trust’s stock, valued at approximately $286,000. Capital Square LLC owned approximately 0.06% of Community Healthcare Trust at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CHCT. American Century Companies Inc. boosted its holdings in shares of 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 valued at $249,000 after purchasing an additional 552 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Community Healthcare Trust by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake 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 valued at $151,000 after buying an additional 840 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Community Healthcare Trust by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock valued at $444,000 after acquiring an additional 919 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Community Healthcare Trust during the first quarter worth about $34,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHCT has been the topic of several research reports. Robert W. Baird decreased their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Truist Financial decreased their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Piper Sandler increased their price target 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. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. 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. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT traded up $0.43 during mid-day trading on Monday, reaching $18.95. 30,367 shares of the company’s stock were exchanged, compared to its average volume of 277,267. The firm has a market capitalization of $535.15 million, a price-to-earnings ratio of -205.67, a PEG ratio of 1.26 and a beta of 0.67. Community Healthcare Trust Incorporated has a twelve month low of $15.06 and a twelve month high of $29.16. The business’s fifty day moving average price is $17.78 and its 200-day moving average price is $20.51.

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

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.465 per share. 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. This represents a $1.86 annualized dividend and a yield of 9.82%. 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.