Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Acquired by Algert Global LLC

Algert Global LLC raised its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 534.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,440 shares of the real estate investment trust's stock after purchasing an additional 95,557 shares during the period. Algert Global LLC owned 0.40% of Community Healthcare Trust worth $2,059,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Community Healthcare Trust in the 1st quarter valued at $34,000. Hancock Whitney Corp acquired a new stake in shares of Community Healthcare Trust in the first quarter valued at about $217,000. SG Americas Securities LLC lifted its stake in shares of Community Healthcare Trust by 65.7% in the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust's stock worth $214,000 after buying an additional 3,630 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new position in Community Healthcare Trust during the third quarter worth about $182,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Community Healthcare Trust during the 2nd quarter valued at about $243,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Trading Up 2.2 %

Community Healthcare Trust stock traded up $0.41 during mid-day trading on Thursday, hitting $18.79. The company's stock had a trading volume of 180,766 shares, compared to its average volume of 278,937. The stock's fifty day moving average is $17.84 and its two-hundred day moving average is $20.42. The firm has a market capitalization of $530.63 million, a PE ratio of -208.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Community Healthcare Trust Incorporated has a 1 year low of $15.06 and a 1 year high of $29.16.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share 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 analysts' expectations of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.465 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.90%. Community Healthcare Trust's dividend payout ratio (DPR) is currently -2,066.67%.

Analysts Set New Price Targets

CHCT has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Monday. Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and dropped their target price for the company from $21.00 to $18.00 in a report on Monday, September 16th. Truist Financial cut their target price on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Finally, Robert W. Baird lowered their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.00.

Community Healthcare Trust 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.