Daiwa Securities Group Inc. Increases Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Daiwa Securities Group Inc. raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,323 shares of the real estate investment trust’s stock after purchasing an additional 840 shares during the period. Daiwa Securities Group Inc.’s holdings in Community Healthcare Trust were worth $151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 buying an additional 552 shares in the last quarter. SG Americas Securities LLC grew its stake in 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. Price T Rowe Associates Inc. MD increased its position in Community Healthcare Trust by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 919 shares during the period. Lazard Asset Management LLC purchased a new stake in Community Healthcare Trust in the first quarter valued at approximately $34,000. Finally, Inspire Investing LLC raised its position in Community Healthcare Trust by 12.1% in 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 during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Trading Up 0.6 %

NYSE CHCT opened at $18.90 on Monday. The stock has a market capitalization of $533.74 million, a price-to-earnings ratio of -210.00, a PEG ratio of 1.29 and a beta of 0.67. The business’s 50 day moving average is $17.93 and its two-hundred day moving average is $20.35. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data 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 analysts’ expectations of $29.06 million. During the same quarter in the previous year, the company posted $0.63 EPS. Equities analysts forecast that Community Healthcare Trust Incorporated will post 1.84 earnings per share 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 paid a $0.465 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. This represents a $1.86 annualized dividend and a dividend yield of 9.84%. Community Healthcare Trust’s dividend payout ratio (DPR) is -2,066.67%.

Wall Street Analysts Forecast Growth

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