Barclays PLC Grows Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Barclays PLC grew its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 159.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,054 shares of the real estate investment trust’s stock after purchasing an additional 25,826 shares during the quarter. Barclays PLC owned approximately 0.15% of Community Healthcare Trust worth $762,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CHCT. Systematic Financial Management LP grew its position in Community Healthcare Trust by 8.0% during 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 buying an additional 55,558 shares during the period. Algert Global LLC boosted its stake in shares of Community Healthcare Trust by 534.3% during the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock worth $2,059,000 after acquiring an additional 95,557 shares in the last quarter. LDR Capital Management LLC acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at about $630,000. Graham Capital Wealth Management LLC purchased a new position in shares of Community Healthcare Trust in the 3rd quarter valued at about $2,650,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Community Healthcare Trust in the 3rd quarter worth about $212,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Up 2.0 %

NYSE:CHCT opened at $19.21 on Wednesday. The company has a fifty day simple moving average of $18.44 and a two-hundred day simple moving average of $19.61. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $28.10. The company has a market cap of $542.53 million, a price-to-earnings ratio of -213.44, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT) last released 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 firm had revenue of $29.64 million for the quarter, compared to analysts’ expectations of $29.06 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, analysts expect 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 paid a dividend of $0.465 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.68%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is presently -2,066.67%.

Wall Street Analysts Forecast Growth

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