JPMorgan Chase & Co. Has $5.90 Million Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

JPMorgan Chase & Co. trimmed its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 42.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 324,829 shares of the real estate investment trust's stock after selling 243,476 shares during the period. JPMorgan Chase & Co. owned approximately 1.15% of Community Healthcare Trust worth $5,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. lifted its position in Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock worth $151,000 after purchasing an additional 840 shares during the period. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock worth $177,000 after buying an additional 618 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in shares of Community Healthcare Trust in the third quarter valued at $182,000. B. Riley Wealth Advisors Inc. bought a new position in Community Healthcare Trust during the second quarter valued at about $243,000. Finally, American Century Companies Inc. grew its holdings in Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust's stock worth $249,000 after acquiring an additional 552 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Price Performance

NYSE CHCT traded down $0.18 on Friday, hitting $19.52. 233,322 shares of the company were exchanged, compared to its average volume of 196,016. Community Healthcare Trust Incorporated has a twelve month low of $15.06 and a twelve month high of $28.10. The company's 50 day moving average price is $18.73 and its 200-day moving average price is $19.26. The firm has a market capitalization of $551.16 million, a P/E ratio of -216.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.68.

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 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $29.64 million during the quarter, compared to analysts' expectations of $29.06 million. During the same quarter last year, the company posted $0.63 EPS. As a group, equities analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 9.53%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, November 8th. Community Healthcare Trust's payout ratio is presently -2,066.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler upped their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. StockNews.com lowered shares of Community Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.25.

Community Healthcare Trust Company 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.