AlphaQuest LLC Increases Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

AlphaQuest LLC lifted its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 86.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,407 shares of the real estate investment trust's stock after purchasing an additional 16,446 shares during the period. AlphaQuest LLC owned approximately 0.13% of Community Healthcare Trust worth $680,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its holdings 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 last quarter. Point72 Asset Management L.P. acquired a new position in Community Healthcare Trust in the 3rd quarter valued at about $198,000. Point72 DIFC Ltd purchased a new position in Community Healthcare Trust in the 3rd quarter valued at about $201,000. SG Americas Securities LLC lifted its holdings in Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 1,021 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Community Healthcare Trust by 20.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock worth $210,000 after purchasing an additional 1,828 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on CHCT. StockNews.com raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Truist Financial upped their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.25.

Remove Ads

Community Healthcare Trust Stock Down 1.1 %

NYSE:CHCT opened at $18.36 on Wednesday. The company has a market cap of $520.42 million, a P/E ratio of -79.84, a P/E/G ratio of 1.28 and a beta of 0.75. The firm's 50 day moving average is $19.34 and its two-hundred day moving average is $18.44. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The business had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.4675 dividend. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 10.18%. The ex-dividend date of this dividend was Monday, February 24th. Community Healthcare Trust's payout ratio is currently -813.04%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.