Phocas Financial Corp. lessened its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,160 shares of the real estate investment trust's stock after selling 141,098 shares during the quarter. Phocas Financial Corp. owned approximately 0.22% of Community Healthcare Trust worth $1,194,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. LDR Capital Management LLC raised its holdings in Community Healthcare Trust by 135.6% in the 4th quarter. LDR Capital Management LLC now owns 81,808 shares of the real estate investment trust's stock valued at $1,572,000 after buying an additional 47,088 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Community Healthcare Trust by 17.3% during the 4th quarter. New York State Common Retirement Fund now owns 220,024 shares of the real estate investment trust's stock worth $4,227,000 after purchasing an additional 32,469 shares during the last quarter. Rhumbline Advisers raised its holdings in 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 worth $920,000 after purchasing an additional 1,125 shares during the last quarter. Asset Management One Co. Ltd. raised 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 worth $694,000 after purchasing an additional 3,473 shares during the last quarter. Finally, Graham Capital Wealth Management LLC raised 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 worth $3,693,000 after purchasing an additional 46,217 shares during the last quarter. Institutional investors own 87.84% of the company's stock.
Community Healthcare Trust Stock Performance
Shares of CHCT stock traded up $0.04 during trading hours on Friday, hitting $18.74. 434,813 shares of the company were exchanged, compared to its average volume of 222,949. The firm has a market cap of $530.96 million, a P/E ratio of -81.46, a P/E/G ratio of 1.28 and a beta of 0.69. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $27.73. The company has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $18.46.
Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $29.30 million during the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. As a group, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.
Community Healthcare Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $0.4675 per share. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date is Monday, February 24th. This represents a $1.87 annualized dividend and a dividend yield of 9.98%. Community Healthcare Trust's dividend payout ratio (DPR) is -813.04%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on CHCT shares. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. 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 report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Community Healthcare Trust presently has a consensus rating of "Hold" and an average target price of $21.25.
Read Our Latest Analysis on CHCT
About Community Healthcare Trust
(
Free Report)
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.
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