Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 18.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,695 shares of the real estate investment trust’s stock after selling 1,489 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Community Healthcare Trust were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its holdings in Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 905 shares during the last quarter. Quarry LP purchased a new stake in shares of Community Healthcare Trust in the fourth quarter valued at about $88,000. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust during the fourth quarter worth $108,000. GAMMA Investing LLC increased its holdings in Community Healthcare Trust by 2,866.5% in the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 6,335 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Community Healthcare Trust in the fourth quarter valued at $163,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity at Community Healthcare Trust

In other news, Director Cathrine Cotman bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average price of $17.10 per share, with a total value of $51,300.00. Following the completion of the purchase, the director directly owned 23,861 shares of the company’s stock, valued at $408,023.10. This represents a 14.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Horn R. Lawrence Van bought 11,815 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased 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 owned 88,502 shares of the company’s stock, valued at $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. 5.10% of the stock is owned by company insiders.

Community Healthcare Trust Stock Down 0.6%

Shares of NYSE CHCT opened at $16.18 on Friday. The firm has a market cap of $458.54 million, a PE ratio of -52.19 and a beta of 0.73. The business has a 50 day moving average price of $16.64 and a two-hundred day moving average price of $17.68. Community Healthcare Trust Incorporated has a fifty-two week low of $14.76 and a fifty-two week 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. Community Healthcare Trust had a negative return on equity of 1.10% and a negative net margin of 4.51%. The company had revenue of $29.73 million for the quarter, compared to the consensus estimate of $29.71 million. On average, analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.88 annualized dividend and a dividend yield of 11.62%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio is currently -606.45%.

Analyst Upgrades and Downgrades

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

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.