Kornitzer Capital Management Inc. KS Sells 19,106 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Kornitzer Capital Management Inc. KS cut its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 26.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,600 shares of the real estate investment trust's stock after selling 19,106 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.19% of Community Healthcare Trust worth $1,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Community Healthcare Trust by 2.4% during the 4th quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust's stock valued at $920,000 after purchasing an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Community Healthcare Trust by 10.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 37,843 shares of the real estate investment trust's stock valued at $694,000 after acquiring an additional 3,473 shares during the period. Graham Capital Wealth Management LLC boosted its holdings in Community Healthcare Trust by 31.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 192,233 shares of the real estate investment trust's stock valued at $3,693,000 after acquiring an additional 46,217 shares during the period. SG Americas Securities LLC boosted its holdings in Community Healthcare Trust by 10.5% during 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 acquiring an additional 1,021 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Community Healthcare Trust by 71.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 17,801 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 7,431 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHCT. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Piper Sandler increased their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Truist Financial increased their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Trading Down 0.2 %

NYSE CHCT traded down $0.03 on Friday, hitting $18.89. The company's stock had a trading volume of 207,634 shares, compared to its average volume of 202,898. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $27.73. The company's 50-day simple moving average is $19.30 and its 200 day simple moving average is $18.46. The firm has a market cap of $535.34 million, a P/E ratio of -82.13, a PEG ratio of 1.26 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $29.85 million. On average, research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date is Monday, February 24th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is presently -808.70%.

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.