Community Healthcare Trust Incorporated $CHCT Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 53.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,373 shares of the real estate investment trust’s stock after acquiring an additional 7,114 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Community Healthcare Trust worth $357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHCT. Nuveen LLC purchased a new stake in Community Healthcare Trust during the 1st quarter valued at about $11,693,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Community Healthcare Trust by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 681,352 shares of the real estate investment trust’s stock valued at $12,373,000 after buying an additional 207,499 shares during the period. Davis Selected Advisers boosted its position in Community Healthcare Trust by 39.9% in the 1st quarter. Davis Selected Advisers now owns 301,740 shares of the real estate investment trust’s stock valued at $5,480,000 after buying an additional 86,110 shares during the period. Invesco Ltd. raised its holdings in shares of Community Healthcare Trust by 12.2% in the 1st quarter. Invesco Ltd. now owns 677,436 shares of the real estate investment trust’s stock valued at $12,302,000 after purchasing an additional 73,762 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Community Healthcare Trust by 339.7% in the 1st quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock valued at $1,630,000 after purchasing an additional 69,343 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHCT shares. Truist Financial cut their price target on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Piper Sandler reissued an “overweight” rating on shares of Community Healthcare Trust in a report on Monday, August 4th. Zacks Research cut shares of Community Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

Community Healthcare Trust Stock Down 2.4%

CHCT stock opened at $14.15 on Wednesday. The firm’s 50-day simple moving average is $15.15 and its 200 day simple moving average is $16.12. The stock has a market cap of $401.32 million, a PE ratio of -36.27 and a beta of 0.71. Community Healthcare Trust Incorporated has a fifty-two week low of $14.12 and a fifty-two week high of $20.87.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.04). The business 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%. Equities analysts forecast 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 $0.4725 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Friday, August 8th. Community Healthcare Trust’s payout ratio is -484.62%.

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.