Ensign Peak Advisors Inc Lowers Stock Holdings in Community Healthcare Trust Incorporated $CHCT

Ensign Peak Advisors Inc reduced its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,092 shares of the real estate investment trust’s stock after selling 3,450 shares during the quarter. Ensign Peak Advisors Inc owned about 0.07% of Community Healthcare Trust worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in Community Healthcare Trust during the first quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $163,000 after acquiring an additional 3,009 shares during the last quarter. Arrow Investment Advisors LLC bought a new position in shares of Community Healthcare Trust during the second quarter valued at $168,000. Ballentine Partners LLC purchased a new position in shares of Community Healthcare Trust in the 2nd quarter worth about $183,000. Finally, M&G PLC raised its position in shares of Community Healthcare Trust by 11.1% in the 2nd quarter. M&G PLC now owns 11,044 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 1,107 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity at Community Healthcare Trust

In related news, Director Cathrine Cotman acquired 4,000 shares of Community Healthcare Trust stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $14.66 per share, for a total transaction of $58,640.00. Following the purchase, the director directly owned 37,635 shares of the company’s stock, valued at approximately $551,729.10. This trade represents a 11.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.10% of the stock is owned by company insiders.

Community Healthcare Trust Stock Performance

CHCT stock opened at $15.58 on Monday. The company has a market cap of $443.58 million, a price-to-earnings ratio of -38.95 and a beta of 0.72. The business’s 50-day moving average is $14.64 and its two-hundred day moving average is $15.55. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $20.87.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $31.09 million during the quarter, compared to analyst estimates of $30.58 million. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. Equities analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend was Friday, November 7th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is presently -475.00%.

Analysts Set New Price Targets

CHCT has been the topic of several recent analyst reports. Zacks Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Piper Sandler reiterated an “overweight” rating on shares of Community Healthcare Trust in a report on Monday, August 4th. Truist Financial reduced 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, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.