Goldman Sachs Group Inc. Increases Stake in Community Healthcare Trust Incorporated $CHCT

Goldman Sachs Group Inc. increased its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 1.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,492 shares of the real estate investment trust’s stock after purchasing an additional 3,697 shares during the period. Goldman Sachs Group Inc. owned approximately 0.89% of Community Healthcare Trust worth $4,585,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new stake in Community Healthcare Trust during the 1st quarter valued at $38,000. GAMMA Investing LLC boosted its position 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 valued at $119,000 after buying an additional 6,335 shares during the period. Lazard Asset Management LLC purchased a new stake in Community Healthcare Trust during the 4th quarter valued at $163,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Community Healthcare Trust by 50.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 3,009 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its position in Community Healthcare Trust by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 10,898 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 822 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

CHCT has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Truist Financial dropped their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Finally, Zacks Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Community Healthcare Trust Stock Performance

NYSE:CHCT opened at $15.34 on Wednesday. The firm has a market cap of $435.20 million, a P/E ratio of -39.33 and a beta of 0.69. Community Healthcare Trust Incorporated has a fifty-two week low of $14.20 and a fifty-two week high of $20.87. The firm has a 50-day simple moving average of $15.62 and a two-hundred day simple moving average of $16.48.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). The firm had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. On average, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.4725 per share. The ex-dividend date was Friday, August 8th. This represents a $1.89 dividend on an annualized basis and a yield of 12.3%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio (DPR) is -484.62%.

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.