Fmr LLC Cuts Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Fmr LLC lowered its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 71.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,938 shares of the real estate investment trust’s stock after selling 12,150 shares during the quarter. Fmr LLC’s holdings in Community Healthcare Trust were worth $90,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Systematic Financial Management LP increased its position in shares of Community Healthcare Trust by 8.0% in the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after acquiring an additional 55,558 shares in the last quarter. Algert Global LLC increased its holdings in Community Healthcare Trust by 534.3% in the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock valued at $2,059,000 after purchasing an additional 95,557 shares in the last quarter. LDR Capital Management LLC purchased a new position in Community Healthcare Trust in the third quarter valued at about $630,000. Graham Capital Wealth Management LLC acquired a new position in shares of Community Healthcare Trust during the third quarter worth about $2,650,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Community Healthcare Trust in the third quarter worth about $212,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

CHCT has been the topic of several recent research reports. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Truist Financial boosted their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Piper Sandler upped their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Trading Down 2.1 %

Shares of NYSE:CHCT opened at $17.94 on Tuesday. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $28.10. The firm has a market cap of $506.66 million, a PE ratio of -199.33, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. The company has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $19.77.

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

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.465 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.86 annualized dividend and a dividend yield of 10.37%. Community Healthcare Trust’s dividend payout ratio (DPR) is -2,066.67%.

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.