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

Proficio Capital Partners LLC purchased a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,929 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased 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 valued at $151,000 after acquiring an additional 840 shares during the period. SG Americas Securities LLC boosted its holdings in Community Healthcare Trust by 10.5% during 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 purchasing an additional 1,021 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Community Healthcare Trust during the third quarter valued at approximately $198,000. Point72 DIFC Ltd acquired a new stake in Community Healthcare Trust during the third quarter valued at approximately $201,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Community Healthcare Trust during the third quarter valued at approximately $212,000. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Price Performance

Shares of CHCT opened at $18.36 on Wednesday. The company has a market capitalization of $520.42 million, a P/E ratio of -79.84, a PEG ratio of 1.28 and a beta of 0.75. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $27.62. The business’s 50 day simple moving average is $19.34 and its 200-day simple moving average is $18.44.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results 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. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The business had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. On average, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.4675 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 24th. This represents a $1.87 annualized dividend and a yield of 10.18%. Community Healthcare Trust’s dividend payout ratio is currently -813.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CHCT shares. Truist Financial lifted their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $21.25.

Community Healthcare Trust Company 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.