Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 28,352 Community Healthcare Trust Incorporated (NYSE:CHCT)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,352 shares of the real estate investment trust’s stock, valued at approximately $515,000. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Community Healthcare Trust at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CHCT. Lazard Asset Management LLC purchased a new position in Community Healthcare Trust during the 1st quarter valued at $34,000. SG Americas Securities LLC boosted its stake in shares of Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 618 shares during the period. Woodmont Investment Counsel LLC bought a new position in shares of Community Healthcare Trust in the third quarter worth about $182,000. Hancock Whitney Corp purchased a new position in Community Healthcare Trust in the 1st quarter worth about $217,000. Finally, Pensionfund Sabic bought a new stake in Community Healthcare Trust during the 3rd quarter valued at about $218,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of CHCT opened at $18.90 on Friday. The company has a 50 day moving average price of $17.88 and a 200-day moving average price of $20.41. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.16. The stock has a market capitalization of $533.77 million, a PE ratio of -210.00, a PEG ratio of 1.28 and a beta of 0.67.

Community Healthcare Trust (NYSE:CHCT) last posted its 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). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The company had revenue of $29.64 million for the quarter, compared to analysts’ expectations of $29.06 million. During the same quarter in the prior year, the company earned $0.63 EPS. Equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.465 per share. This is a boost 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 dividend on an annualized basis and a yield of 9.84%. Community Healthcare Trust’s dividend payout ratio is presently -2,066.67%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHCT. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their price target for the company from $21.00 to $18.00 in a report on Monday, September 16th. Piper Sandler raised their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Truist Financial decreased their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Community Healthcare Trust currently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.