Bank of New York Mellon Corp Sells 46,610 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Bank of New York Mellon Corp cut its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,343 shares of the real estate investment trust's stock after selling 46,610 shares during the period. Bank of New York Mellon Corp owned approximately 1.57% of Community Healthcare Trust worth $8,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHCT. GSA Capital Partners LLP acquired a new stake in Community Healthcare Trust in the 3rd quarter worth $408,000. LMR Partners LLP acquired a new stake in Community Healthcare Trust in the 3rd quarter worth $221,000. Phocas Financial Corp. acquired a new stake in Community Healthcare Trust in the 3rd quarter worth $3,689,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Community Healthcare Trust in the 3rd quarter worth $515,000. Finally, Charles Schwab Investment Management Inc. grew its position in Community Healthcare Trust by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust's stock worth $4,121,000 after purchasing an additional 10,824 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Price Performance

Shares of CHCT traded up $0.43 during trading hours on Friday, hitting $18.34. The stock had a trading volume of 192,095 shares, compared to its average volume of 275,586. The company's fifty day moving average is $19.30 and its two-hundred day moving average is $18.44. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $27.62. The stock has a market capitalization of $519.82 million, a price-to-earnings ratio of -79.75, a P/E/G ratio of 1.28 and a beta of 0.75.

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Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted 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 net margin of 2.75% and a negative return on equity of 0.65%. The business had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. Equities analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 10.19%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 24th. Community Healthcare Trust's payout ratio is currently -813.04%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHCT. Truist Financial raised their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three investment 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 stock currently has an average rating of "Hold" and a consensus target price of $21.25.

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.