International Assets Investment Management LLC Purchases New Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

International Assets Investment Management LLC purchased a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,705 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHCT. Janus Henderson Group PLC raised its stake in Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock valued at $15,676,000 after purchasing an additional 580,199 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in Community Healthcare Trust in the first quarter valued at about $7,835,000. Russell Investments Group Ltd. grew its position in Community Healthcare Trust by 27.8% in the first quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock valued at $9,687,000 after acquiring an additional 79,421 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Community Healthcare Trust by 18.1% in the second quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after acquiring an additional 65,642 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in 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 valued at $17,525,000 after acquiring an additional 55,558 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird decreased their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Evercore ISI upgraded 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 report on Monday, September 16th. Truist Financial reduced their price target on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 30th. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, Piper Sandler boosted their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Trading Up 0.4 %

NYSE:CHCT opened at $18.85 on Thursday. The stock has a market cap of $532.32 million, a P/E ratio of -208.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The stock’s 50-day moving average is $17.40 and its 200-day moving average is $21.12. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 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 company had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. As a group, equities analysts forecast that Community Healthcare Trust Incorporated will post 1.81 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.465 dividend. The ex-dividend date is Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 9.87%. Community Healthcare Trust’s dividend payout ratio is presently -2,055.56%.

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.