PNC Financial Services Group Inc. Raises Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

PNC Financial Services Group Inc. raised its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,934 shares of the real estate investment trust’s stock after buying an additional 1,828 shares during the period. PNC Financial Services Group Inc.’s holdings in Community Healthcare Trust were worth $210,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in shares of Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the period. Point72 Asset Management L.P. bought a new stake in Community Healthcare Trust in the 3rd quarter worth $198,000. Point72 DIFC Ltd bought a new stake in Community Healthcare Trust in the 3rd quarter worth $201,000. SG Americas Securities LLC increased its position in shares of Community Healthcare Trust by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 1,021 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Community Healthcare Trust during the third quarter valued at about $212,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHCT. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Truist Financial increased their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Trading Down 1.6 %

NYSE:CHCT opened at $18.14 on Monday. The company has a 50-day moving average price of $19.22 and a 200-day moving average price of $18.43. The stock has a market cap of $514.01 million, a price-to-earnings ratio of -78.86, a P/E/G ratio of 1.28 and a beta of 0.75. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $27.62.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $29.30 million during the quarter, compared to analyst estimates of $29.85 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. Equities analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.4675 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 10.31%. Community Healthcare Trust’s payout ratio is currently -813.04%.

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.