JPMorgan Chase & Co. Buys 79,116 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

JPMorgan Chase & Co. raised its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 403,945 shares of the real estate investment trust’s stock after purchasing an additional 79,116 shares during the quarter. JPMorgan Chase & Co. owned 1.43% of Community Healthcare Trust worth $7,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHCT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Community Healthcare Trust by 39.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,665 shares of the real estate investment trust’s stock valued at $811,000 after buying an additional 12,681 shares during the period. XTX Topco Ltd acquired a new position in Community Healthcare Trust in the third quarter valued at $229,000. Public Employees Retirement System of Ohio boosted its position in shares of Community Healthcare Trust by 3.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 1,082 shares in the last quarter. Barclays PLC boosted its holdings in shares of Community Healthcare Trust by 159.1% during the 3rd quarter. Barclays PLC now owns 42,054 shares of the real estate investment trust’s stock worth $762,000 after buying an additional 25,826 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Community Healthcare Trust by 1.4% in the third quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust’s stock worth $12,245,000 after purchasing an additional 9,256 shares during the period. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

CHCT opened at $15.81 on Thursday. The company’s 50-day simple moving average is $18.08 and its two-hundred day simple moving average is $18.40. The stock has a market capitalization of $448.04 million, a P/E ratio of -68.74, a P/E/G ratio of 1.28 and a beta of 0.65. Community Healthcare Trust Incorporated has a 52-week low of $14.76 and a 52-week high of $27.62.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The firm had revenue of $29.30 million for the quarter, compared to analysts’ expectations of $29.85 million. Research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $0.4675 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 dividend on an annualized basis and a yield of 11.83%. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -813.04%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHCT shares. Truist Financial increased their target price on shares of 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 shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.