UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 8.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,643 shares of the real estate investment trust’s stock after buying an additional 3,978 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Community Healthcare Trust worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Systematic Financial Management LP boosted its position in Community Healthcare Trust by 10.6% in the 4th quarter. Systematic Financial Management LP now owns 1,035,836 shares of the real estate investment trust’s stock valued at $19,898,000 after buying an additional 99,083 shares during the period. Focus Partners Wealth raised its holdings 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 valued at $14,305,000 after purchasing an additional 551,445 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 23.3% in the 4th quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust’s stock valued at $13,780,000 after purchasing an additional 135,462 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 0.6% in 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 in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Community Healthcare Trust by 132.8% in the 4th quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust’s stock valued at $12,875,000 after purchasing an additional 382,324 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Down 0.0%

Shares of NYSE CHCT opened at $16.91 on Wednesday. The firm has a 50-day simple moving average of $16.30 and a 200-day simple moving average of $17.99. The stock has a market capitalization of $479.05 million, a price-to-earnings ratio of -73.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.73. 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, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. 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 $29.73 million during the quarter, compared to analysts’ expectations of $29.71 million. As a group, equities research analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.47 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.88 annualized dividend and a dividend yield of 11.12%. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -606.45%.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price target on shares of Community Healthcare Trust from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Insider Activity

In related news, Director Cathrine Cotman acquired 3,000 shares of Community Healthcare Trust stock in a transaction dated Wednesday, April 30th. The stock was acquired at an average price of $17.10 per share, for a total transaction of $51,300.00. Following the transaction, the director now owns 23,861 shares of the company’s stock, valued at $408,023.10. This represents a 14.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Horn R. Lawrence Van bought 11,815 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average cost of $16.37 per share, for a total transaction of $193,411.55. Following the completion of the acquisition, the director now directly owns 88,502 shares in the company, valued at approximately $1,448,777.74. This trade represents a 15.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.

Community Healthcare Trust 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.