BNP Paribas Financial Markets Has $440,000 Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

BNP Paribas Financial Markets increased its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 257.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,226 shares of the real estate investment trust’s stock after purchasing an additional 17,455 shares during the period. BNP Paribas Financial Markets owned approximately 0.09% of Community Healthcare Trust worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Systematic Financial Management LP raised its holdings in shares of Community Healthcare Trust by 8.0% in the 2nd quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after buying an additional 55,558 shares in the last quarter. Algert Global LLC boosted its stake in Community Healthcare Trust by 534.3% in the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock valued at $2,059,000 after buying an additional 95,557 shares in the last quarter. LDR Capital Management LLC bought a new stake in Community Healthcare Trust in the third quarter valued at $630,000. Graham Capital Wealth Management LLC acquired a new position in Community Healthcare Trust during the third quarter worth $2,650,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Community Healthcare Trust during the third quarter valued at $212,000. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

CHCT has been the topic of several analyst reports. Truist Financial lowered 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 report on Friday, August 30th. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Piper Sandler raised their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Stock Down 0.3 %

Community Healthcare Trust stock opened at $18.09 on Friday. The stock has a 50-day simple moving average of $18.13 and a 200 day simple moving average of $20.00. The stock has a market capitalization of $510.86 million, a price-to-earnings ratio of -201.00, a P/E/G 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 $29.16.

Community Healthcare Trust (NYSE:CHCT) last announced its 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 the consensus estimate of $29.06 million. During the same period in the prior year, the firm posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 EPS for the current 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 given a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 10.28%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is -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.