Community Healthcare Trust Incorporated $CHCT Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 44.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,394 shares of the real estate investment trust’s stock after selling 11,325 shares during the period. Allianz Asset Management GmbH owned approximately 0.05% of Community Healthcare Trust worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CHCT. Anchor Investment Management LLC purchased a new stake in shares of Community Healthcare Trust in the first quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Community Healthcare Trust by 50.2% in 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 buying an additional 3,009 shares in the last quarter. Arrow Investment Advisors LLC purchased a new stake in shares of Community Healthcare Trust in the second quarter valued at approximately $168,000. Resona Asset Management Co. Ltd. boosted its position in 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 worth $199,000 after purchasing an additional 822 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Community Healthcare Trust during the second quarter worth $183,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Trading Up 0.3%

Community Healthcare Trust stock opened at $14.55 on Wednesday. The firm has a market capitalization of $412.64 million, a P/E ratio of -37.29 and a beta of 0.71. The stock has a fifty day moving average price of $14.85 and a 200 day moving average price of $15.77. Community Healthcare Trust Incorporated has a 52 week low of $13.23 and a 52 week high of $20.87.

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

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 13.1%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, November 7th. Community Healthcare Trust’s payout ratio is -484.62%.

Analyst Upgrades and Downgrades

CHCT has been the topic of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Truist Financial decreased their target price on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Zacks Research downgraded Community Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.