Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 39.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,665 shares of the real estate investment trust’s stock after purchasing an additional 12,681 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Community Healthcare Trust worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in Community Healthcare Trust by 257.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,226 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 17,455 shares during the period. Quantbot Technologies LP lifted its stake in shares of Community Healthcare Trust by 639.8% in the 3rd quarter. Quantbot Technologies LP now owns 32,767 shares of the real estate investment trust’s stock worth $595,000 after acquiring an additional 28,338 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Community Healthcare Trust by 5.9% in the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 1,041 shares in the last quarter. Capital Square LLC acquired a new position in shares of Community Healthcare Trust during the third quarter valued at approximately $286,000. Finally, DRW Securities LLC bought a new stake in Community Healthcare Trust during the third quarter worth approximately $345,000. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Stock Down 0.9 %

CHCT opened at $18.10 on Friday. The firm has a market cap of $511.18 million, a PE ratio of -201.11, a P/E/G ratio of 1.24 and a beta of 0.68. The business has a fifty day simple moving average of $18.29 and a 200-day simple moving average of $19.90. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $28.10.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). The company had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter last year, the business earned $0.63 EPS. On average, equities research analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. The ex-dividend date was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.28%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is currently -2,066.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their target price for the company from $21.00 to $18.00 in a research note on Monday, September 16th. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Finally, Piper Sandler upped their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.25.

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.