Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 442,343 shares of the real estate investment trust’s stock after selling 46,610 shares during the period. Bank of New York Mellon Corp owned 1.57% of Community Healthcare Trust worth $8,497,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at $408,000. LMR Partners LLP purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at $221,000. Phocas Financial Corp. purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at $3,689,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at $515,000. Finally, Charles Schwab Investment Management Inc. raised its position in Community Healthcare Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock valued at $4,121,000 after purchasing an additional 10,824 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock opened at $18.34 on Friday. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $27.62. The company has a market cap of $519.82 million, a P/E ratio of -79.75, a PEG ratio of 1.28 and a beta of 0.75. The firm has a fifty day moving average of $19.30 and a two-hundred day moving average of $18.44.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The business had revenue of $29.30 million for the quarter, compared to analysts’ expectations of $29.85 million. As a group, equities analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.4675 per share. The ex-dividend date was Monday, February 24th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 dividend on an annualized basis and a dividend yield of 10.19%. Community Healthcare Trust’s dividend payout ratio is -813.04%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial upped their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.25.

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.