Kennedy Capital Management LLC Acquires 135,462 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Kennedy Capital Management LLC boosted its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 717,342 shares of the real estate investment trust's stock after acquiring an additional 135,462 shares during the quarter. Kennedy Capital Management LLC owned 2.54% of Community Healthcare Trust worth $13,780,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 905 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Community Healthcare Trust during the fourth quarter worth approximately $108,000. Resona Asset Management Co. Ltd. bought a new position in Community Healthcare Trust during the 4th quarter valued at $186,000. Point72 Asset Management L.P. acquired a new position in shares of Community Healthcare Trust during the 3rd quarter valued at $198,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Community Healthcare Trust by 10.5% in the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 1,021 shares during the period. Institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CHCT shares. StockNews.com raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Truist Financial upped their price target on Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Stock Up 1.3 %

Shares of CHCT traded up $0.20 during mid-day trading on Tuesday, reaching $15.78. The company's stock had a trading volume of 54,956 shares, compared to its average volume of 293,246. The company has a market cap of $447.19 million, a price-to-earnings ratio of -68.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.65. The business has a fifty day moving average of $18.25 and a 200 day moving average of $18.44. Community Healthcare Trust Incorporated has a 1 year low of $14.76 and a 1 year high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $29.30 million during the quarter, compared to the consensus estimate of $29.85 million. On average, analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4675 per share. The ex-dividend date was Monday, February 24th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 11.85%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is currently -813.04%.

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.