Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Community Healthcare Trust Incorporated (NYSE:CHCT)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,352 shares of the real estate investment trust's stock, valued at approximately $515,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Community Healthcare Trust at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new stake in shares of Community Healthcare Trust during the 1st quarter worth approximately $34,000. Hancock Whitney Corp acquired a new stake in Community Healthcare Trust in the first quarter worth $217,000. SG Americas Securities LLC lifted its stake in Community Healthcare Trust by 65.7% in the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust's stock valued at $214,000 after buying an additional 3,630 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in shares of Community Healthcare Trust during the third quarter valued at $182,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Community Healthcare Trust during the second quarter worth about $243,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock traded up $0.11 on Friday, hitting $18.90. The company had a trading volume of 88,987 shares, compared to its average volume of 278,115. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $29.16. The company has a market cap of $533.77 million, a PE ratio of -210.00, a PEG ratio of 1.28 and a beta of 0.67. The business has a 50-day simple moving average of $17.93 and a 200-day simple moving average of $20.37.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter last year, the business posted $0.63 earnings per share. On average, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared 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 was Friday, November 8th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 9.84%. Community Healthcare Trust's payout ratio is -2,066.67%.

Analyst Ratings Changes

A number of research analysts have issued reports on CHCT shares. Piper Sandler boosted 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. Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and reduced their price objective for the stock from $21.00 to $18.00 in a research report on Monday, September 16th. Truist Financial lowered their target price on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com raised Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Monday, November 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.