Systematic Financial Management LP Has $17 Million Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Systematic Financial Management LP increased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 936,753 shares of the real estate investment trust's stock after purchasing an additional 187,510 shares during the quarter. Systematic Financial Management LP owned about 3.32% of Community Healthcare Trust worth $17,002,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Phocas Financial Corp. acquired a new stake in Community Healthcare Trust during the third quarter valued at approximately $3,689,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Community Healthcare Trust during the 3rd quarter valued at $2,650,000. Algert Global LLC boosted its stake in shares of Community Healthcare Trust by 534.3% during the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust's stock worth $2,059,000 after acquiring an additional 95,557 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Community Healthcare Trust by 18.1% during the second quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust's stock worth $10,028,000 after purchasing an additional 65,642 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter valued at $851,000. Institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Stock Performance

Shares of CHCT traded down $0.32 during mid-day trading on Thursday, hitting $18.45. The company's stock had a trading volume of 200,510 shares, compared to its average volume of 276,920. The stock's 50-day moving average is $18.03 and its two-hundred day moving average is $20.24. The firm has a market capitalization of $521.03 million, a PE ratio of -208.56, a price-to-earnings-growth ratio of 1.28 and a beta of 0.68. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $29.16.

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 for the quarter, missing analysts' consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The company had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same period last year, the company earned $0.63 earnings per share. Analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS 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. Shareholders of record on Friday, November 8th were given a $0.465 dividend. 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 10.08%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's dividend payout ratio (DPR) is currently -2,066.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CHCT. Evercore ISI raised Community Healthcare Trust from an "underperform" rating to an "inline" rating and decreased their target price for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Truist Financial cut their price target 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. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Monday, November 25th. Finally, Piper Sandler raised their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.