Invesco Ltd. Raises Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Invesco Ltd. boosted its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 1,232.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,674 shares of the real estate investment trust’s stock after buying an additional 558,384 shares during the period. Invesco Ltd. owned 2.14% of Community Healthcare Trust worth $11,597,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC grew its stake in Community Healthcare Trust by 136.1% during the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 905 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Community Healthcare Trust during the 4th quarter worth approximately $108,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Community Healthcare Trust in the fourth quarter valued at approximately $186,000. SG Americas Securities LLC increased its holdings in shares of Community Healthcare Trust by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 1,021 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,828 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Three investment 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.com, the stock has an average rating of “Hold” and a consensus target price of $21.25.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $15.92 on Wednesday. The company has a market capitalization of $451.16 million, a P/E ratio of -69.22, a P/E/G ratio of 1.28 and a beta of 0.65. The company has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $18.36. Community Healthcare Trust Incorporated has a 1 year low of $14.76 and a 1 year high of $27.62.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The company had revenue of $29.30 million during the quarter, compared to analysts’ expectations of $29.85 million. As a group, research analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $0.4675 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.87 dividend on an annualized basis and a yield of 11.75%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio is presently -813.04%.

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.