The Manufacturers Life Insurance Company Purchases 1,041 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

The Manufacturers Life Insurance Company boosted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,623 shares of the real estate investment trust’s stock after buying an additional 1,041 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Community Healthcare Trust worth $338,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 552 shares during the period. SG Americas Securities LLC lifted its holdings in 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 last quarter. Daiwa Securities Group Inc. lifted its holdings 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 purchasing an additional 840 shares during the last quarter. Inspire Investing LLC lifted its holdings in Community Healthcare Trust by 12.1% during the second quarter. Inspire Investing LLC now owns 15,166 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Community Healthcare Trust by 15.1% during the second quarter. Hsbc Holdings PLC now owns 20,320 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 2,673 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Trading Down 0.3 %

Shares of Community Healthcare Trust stock opened at $18.09 on Monday. The company’s fifty day simple moving average is $18.13 and its two-hundred day simple moving average is $19.98. The company has a market cap of $510.86 million, a P/E ratio of -201.00, a PEG ratio of 1.24 and a beta of 0.68. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month 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 analysts’ consensus estimates of $0.43 by ($0.39). The business had revenue of $29.64 million for the quarter, compared to the consensus estimate 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 firm posted $0.63 EPS. Analysts predict that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.465 dividend. This is a positive change 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 10.28%. Community Healthcare Trust’s payout ratio is -2,066.67%.

Analysts Set New Price Targets

CHCT has been the topic of several recent research reports. 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 report on Thursday, October 31st. Truist Financial lowered their price target on shares of 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 raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Finally, Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

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.