Verition Fund Management LLC Takes Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Verition Fund Management LLC bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 46,862 shares of the real estate investment trust's stock, valued at approximately $851,000. Verition Fund Management LLC owned about 0.17% of Community Healthcare Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHCT. Price T Rowe Associates Inc. MD lifted its stake in Community Healthcare Trust by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust's stock valued at $444,000 after purchasing an additional 919 shares during the last quarter. SG Americas Securities LLC increased its holdings in Community Healthcare Trust by 65.7% in the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust's stock worth $214,000 after acquiring an additional 3,630 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Community Healthcare Trust by 124.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 52,794 shares of the real estate investment trust's stock valued at $1,235,000 after acquiring an additional 29,297 shares during the period. Peregrine Capital Management LLC boosted its position in Community Healthcare Trust by 15.5% during the second quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust's stock worth $5,756,000 after purchasing an additional 33,008 shares during the period. Finally, Natixis Advisors LLC bought a new position in Community Healthcare Trust during the second quarter worth about $278,000. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Up 0.8 %

Shares of CHCT stock traded up $0.15 on Tuesday, reaching $18.59. The company's stock had a trading volume of 182,564 shares, compared to its average volume of 275,981. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.16. The stock's 50 day simple moving average is $18.08 and its 200-day simple moving average is $20.08. The company has a market capitalization of $524.98 million, a P/E ratio of -206.56, a PEG ratio of 1.23 and a beta of 0.68.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.39). The business had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter last year, the business posted $0.63 EPS. Research analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.465 dividend. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 10.01%. Community Healthcare Trust's dividend payout ratio is presently -2,066.67%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and decreased their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Piper Sandler increased their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, StockNews.com raised Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.00.

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.