Proficio Capital Partners LLC Purchases New Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Proficio Capital Partners LLC acquired a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,929 shares of the real estate investment trust’s stock, valued at approximately $229,000.

A number of other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Community Healthcare Trust in the 3rd quarter valued at $515,000. Charles Schwab Investment Management Inc. lifted its position in shares of Community Healthcare Trust by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock worth $4,121,000 after buying an additional 10,824 shares during the last quarter. Algert Global LLC boosted its stake in Community Healthcare Trust by 534.3% in the third 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. Penserra Capital Management LLC grew its position in Community Healthcare Trust by 23.0% in the third quarter. Penserra Capital Management LLC now owns 43,154 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 8,060 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Community Healthcare Trust by 11.2% during the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CHCT shares. StockNews.com upgraded shares of 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 shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Trading Down 1.0 %

Community Healthcare Trust stock opened at $18.05 on Friday. The stock has a 50-day moving average price of $19.13 and a two-hundred day moving average price of $18.45. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $27.62. The company has a market capitalization of $511.41 million, a PE ratio of -78.46, a P/E/G ratio of 1.28 and a beta of 0.75.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data 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 net margin of 2.75% and a negative return on equity of 0.65%. The business had revenue of $29.30 million during the quarter, compared to analyst estimates of $29.85 million. As a group, analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date was Monday, February 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is -813.04%.

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.