Cerity Partners LLC Takes Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Cerity Partners LLC purchased a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,029 shares of the real estate investment trust’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Community Healthcare Trust during the 4th quarter worth about $88,000. KLP Kapitalforvaltning AS purchased a new stake in Community Healthcare Trust during the 4th quarter worth about $108,000. GAMMA Investing LLC lifted its holdings in Community Healthcare Trust by 2,866.5% during the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 6,335 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Community Healthcare Trust during the 4th quarter worth about $163,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in Community Healthcare Trust during the 4th quarter worth about $186,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In other Community Healthcare Trust news, Director Cathrine Cotman purchased 3,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. Following the acquisition, the director directly owned 23,861 shares in the company, valued at approximately $408,023.10. The trade was a 14.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Horn R. Lawrence Van purchased 11,815 shares of the stock in a transaction on 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 acquisition, the director owned 88,502 shares in the company, valued at approximately $1,448,777.74. This represents a 15.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their price objective on Community Healthcare Trust from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Down 1.3%

NYSE:CHCT opened at $16.35 on Tuesday. The business’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $17.55. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62. The stock has a market cap of $463.36 million, a P/E ratio of -52.74 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $29.73 million for the quarter, compared to analysts’ expectations of $29.71 million. On average, equities research analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.4725 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.89 annualized dividend and a dividend yield of 11.56%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -606.45%.

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.