Inspire Investing LLC Has $341,000 Holdings in Community Healthcare Trust Incorporated $CHCT

Inspire Investing LLC cut its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,797 shares of the real estate investment trust’s stock after selling 2,271 shares during the quarter. Inspire Investing LLC owned 0.07% of Community Healthcare Trust worth $341,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in Community Healthcare Trust in the first quarter valued at approximately $38,000. GAMMA Investing LLC lifted its stake 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 during the period. Lazard Asset Management LLC acquired a new position in Community Healthcare Trust in the fourth quarter valued at approximately $163,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Community Healthcare Trust by 50.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 3,009 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its holdings in shares of Community Healthcare Trust by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 10,898 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 822 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $15.23 on Thursday. Community Healthcare Trust Incorporated has a one year low of $14.20 and a one year high of $20.87. The business’s fifty day moving average price is $15.59 and its 200-day moving average price is $16.47. The stock has a market capitalization of $432.03 million, a PE ratio of -39.05 and a beta of 0.69.

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

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.4725 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 12.4%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is currently -484.62%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CHCT shares. Piper Sandler restated an “overweight” rating on shares of Community Healthcare Trust in a report on Monday, August 4th. Zacks Research upgraded Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Truist Financial decreased their price objective on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.00.

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.