Asset Management One Co. Ltd. Reduces Stock Position in Community Healthcare Trust Incorporated $CHCT

Asset Management One Co. Ltd. lowered its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,267 shares of the real estate investment trust’s stock after selling 1,576 shares during the period. Asset Management One Co. Ltd. owned about 0.13% of Community Healthcare Trust worth $603,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in shares of Community Healthcare Trust in the 1st quarter worth about $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 purchasing an additional 3,009 shares in the last quarter. Arrow Investment Advisors LLC bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at about $168,000. Resona Asset Management Co. Ltd. boosted its stake in shares of 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 purchasing an additional 822 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of Community Healthcare Trust during the 2nd quarter valued at about $183,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $14.83 on Friday. Community Healthcare Trust Incorporated has a 1 year low of $13.23 and a 1 year high of $20.87. The stock has a market cap of $420.73 million, a P/E ratio of -37.07 and a beta of 0.71. The firm has a 50-day moving average of $14.84 and a 200 day moving average of $15.76.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. The company had revenue of $30.81 million during the quarter, compared to analysts’ expectations of $30.58 million. Research analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 12.8%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, November 7th. Community Healthcare Trust’s dividend payout ratio is presently -472.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHCT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a research note on Wednesday, October 8th. Zacks Research lowered shares of Community Healthcare Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Truist Financial cut their target price 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. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Community Healthcare Trust has a consensus rating of “Hold” 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.