Weiss Asset Management LP Buys New Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Weiss Asset Management LP purchased a new stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,708 shares of the real estate investment trust's stock, valued at approximately $920,000. Weiss Asset Management LP owned approximately 0.18% of Community Healthcare Trust at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in shares of Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock worth $151,000 after acquiring an additional 840 shares during the period. SG Americas Securities LLC lifted its stake in shares of Community Healthcare Trust by 6.8% in the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock worth $177,000 after acquiring an additional 618 shares during the period. Woodmont Investment Counsel LLC acquired a new position in shares of Community Healthcare Trust in the third quarter worth approximately $182,000. Point72 Asset Management L.P. acquired a new position in shares of Community Healthcare Trust in the third quarter worth approximately $198,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Community Healthcare Trust in the third quarter worth approximately $201,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHCT has been the topic of a number of recent analyst reports. Evercore ISI raised Community Healthcare Trust from an "underperform" rating to an "inline" rating and cut their price objective for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. Piper Sandler lifted their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Truist Financial lowered their target price on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating for the company in a report on Friday, August 30th. Finally, StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Community Healthcare Trust currently has an average rating of "Hold" and an average price target of $21.00.

Community Healthcare Trust Trading Up 1.6 %

Shares of NYSE CHCT traded up $0.29 during midday trading on Monday, hitting $18.43. 173,858 shares of the stock traded hands, compared to its average volume of 276,375. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $29.16. The business has a 50 day moving average price of $18.06 and a two-hundred day moving average price of $20.14.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm 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 in the prior year, the firm earned $0.63 EPS. As a group, equities analysts expect that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. This represents a $1.86 annualized dividend and a dividend yield of 10.09%. Community Healthcare Trust's payout ratio is currently -2,066.67%.

About Community Healthcare Trust

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.