JPMorgan Chase & Co. Purchases 79,116 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

JPMorgan Chase & Co. lifted its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,945 shares of the real estate investment trust's stock after acquiring an additional 79,116 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.43% of Community Healthcare Trust worth $7,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its position in Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 905 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Community Healthcare Trust during the 4th quarter worth $108,000. SG Americas Securities LLC boosted its holdings in shares of Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock worth $207,000 after buying an additional 1,021 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 1,828 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Community Healthcare Trust during the fourth quarter worth about $229,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Trading Down 0.2 %

Shares of CHCT stock traded down $0.03 on Tuesday, hitting $15.92. 147,006 shares of the stock were exchanged, compared to its average volume of 295,973. The firm's 50 day moving average is $17.76 and its two-hundred day moving average is $18.36. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62. The firm has a market capitalization of $451.16 million, a PE ratio of -69.22, a P/E/G ratio of 1.28 and a beta of 0.65.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $29.30 million during the quarter, compared to analyst estimates of $29.85 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. On average, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 11.75%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 24th. Community Healthcare Trust's payout ratio is currently -813.04%.

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.