Asset Management One Co. Ltd. Buys 3,473 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Asset Management One Co. Ltd. grew its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,843 shares of the real estate investment trust’s stock after buying an additional 3,473 shares during the period. Asset Management One Co. Ltd. owned approximately 0.13% of Community Healthcare Trust worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHCT. SG Americas Securities LLC boosted 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 buying an additional 618 shares during the last quarter. International Assets Investment Management LLC bought a new position in Community Healthcare Trust during the third quarter worth about $231,000. Ballentine Partners LLC bought a new position in Community Healthcare Trust during the third quarter worth about $218,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Community Healthcare Trust during the third quarter worth about $2,650,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of Community Healthcare Trust during the third quarter worth about $182,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock opened at $18.90 on Friday. The business’s 50 day simple moving average is $19.30 and its 200 day simple moving average is $18.46. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $27.73. The firm has a market cap of $533.59 million, a PE ratio of -82.15, a P/E/G ratio of 1.34 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.64% and a negative net margin of 2.75%. The business had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. As a group, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 9.90%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, February 24th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -808.70%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHCT. Truist Financial raised their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Finally, Piper Sandler raised their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and an average target price 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.