Janus Henderson Group PLC Lowers Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Janus Henderson Group PLC cut its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 96.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,114 shares of the real estate investment trust’s stock after selling 249,386 shares during the period. Janus Henderson Group PLC’s holdings in Community Healthcare Trust were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth grew its position in shares of Community Healthcare Trust by 285.4% in the 4th quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust’s stock worth $14,305,000 after buying an additional 551,445 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Community Healthcare Trust by 23.3% during the fourth quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust’s stock worth $13,780,000 after purchasing an additional 135,462 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Community Healthcare Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 678,505 shares of the real estate investment trust’s stock valued at $13,037,000 after purchasing an additional 3,988 shares during the last quarter. Invesco Ltd. boosted its position in shares of Community Healthcare Trust by 1,232.9% in the 4th quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust’s stock worth $11,597,000 after purchasing an additional 558,384 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Community Healthcare Trust by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 403,945 shares of the real estate investment trust’s stock worth $7,760,000 after buying an additional 79,116 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHCT has been the subject of several research analyst reports. Piper Sandler decreased their price objective on shares of Community Healthcare Trust from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen raised 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 company’s stock. According to data from MarketBeat.com, Community Healthcare Trust has a consensus rating of “Hold” and an average price target of $21.00.

Community Healthcare Trust Price Performance

Shares of CHCT stock opened at $15.87 on Monday. The company has a market cap of $449.72 million, a price-to-earnings ratio of -69.00, a PEG ratio of 1.28 and a beta of 0.74. The stock has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $18.18. 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 released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $29.73 million during the quarter, compared to analysts’ expectations of $29.71 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. Analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.85%. The ex-dividend date was Friday, May 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is -606.45%.

Insider Transactions at Community Healthcare Trust

In other news, Director Cathrine Cotman bought 3,000 shares of the firm’s stock in a transaction on Wednesday, April 30th. The shares were bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the acquisition, the director now directly owns 23,861 shares of the company’s stock, valued at $408,023.10. This trade represents a 14.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

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.