JPMorgan Chase & Co. Sells 243,476 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

JPMorgan Chase & Co. cut its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 42.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,829 shares of the real estate investment trust’s stock after selling 243,476 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.15% of Community Healthcare Trust worth $5,896,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHCT. Systematic Financial Management LP boosted its position in Community Healthcare Trust by 8.0% during 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. Algert Global LLC boosted its holdings in Community Healthcare Trust by 534.3% during 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 acquiring an additional 95,557 shares during the period. LDR Capital Management LLC bought a new position in Community Healthcare Trust during the 3rd quarter worth approximately $630,000. Graham Capital Wealth Management LLC purchased a new position in Community Healthcare Trust in the 3rd quarter worth approximately $2,650,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Community Healthcare Trust in the third quarter valued at approximately $212,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler boosted their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, StockNews.com downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Stock Up 1.6 %

Shares of CHCT stock opened at $19.70 on Friday. The firm has a market capitalization of $556.19 million, a price-to-earnings ratio of -218.83, a PEG ratio of 1.27 and a beta of 0.68. The stock has a fifty day moving average of $18.70 and a 200 day moving average of $19.28. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $28.10.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 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 company had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. During the same period in the prior year, the business posted $0.63 earnings per share. Equities research analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 9.44%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s payout ratio 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.