Janney Montgomery Scott LLC Sells 1,960 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Janney Montgomery Scott LLC lessened its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,198 shares of the real estate investment trust’s stock after selling 1,960 shares during the quarter. Janney Montgomery Scott LLC owned about 0.17% of Community Healthcare Trust worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in shares of Community Healthcare Trust in the first quarter worth $34,000. SG Americas Securities LLC increased its stake in Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 618 shares during the period. Hancock Whitney Corp bought a new stake in Community Healthcare Trust during the 1st quarter valued at $217,000. Pensionfund Sabic purchased a new stake in shares of Community Healthcare Trust during the third quarter worth about $218,000. Finally, Ballentine Partners LLC purchased a new position in shares of Community Healthcare Trust during the third quarter valued at approximately $218,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CHCT. Piper Sandler raised their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Robert W. Baird lowered their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Truist Financial lowered their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three research 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Trading Down 0.2 %

NYSE:CHCT opened at $18.61 on Friday. The company has a market capitalization of $525.58 million, a P/E ratio of -206.78, a P/E/G ratio of 1.29 and a beta of 0.67. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $29.16. The business’s 50-day moving average is $17.56 and its 200 day moving average is $20.75.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). The company had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, research analysts forecast that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.465 per share. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -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.