Norges Bank Purchases Shares of 35,300 Community Healthcare Trust Incorporated (NYSE:CHCT)

Norges Bank bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,300 shares of the real estate investment trust's stock, valued at approximately $678,000. Norges Bank owned about 0.13% of Community Healthcare Trust at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CHCT. Signaturefd LLC boosted its stake 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Community Healthcare Trust in the 4th quarter valued at about $108,000. SG Americas Securities LLC increased its position in 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 valued at $207,000 after acquiring an additional 1,021 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Community Healthcare Trust by 20.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock worth $210,000 after acquiring an additional 1,828 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Community Healthcare Trust during the third quarter valued at approximately $229,000. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com raised 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 Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.25.

Community Healthcare Trust Stock Performance

CHCT traded up $0.37 during midday trading on Thursday, reaching $16.16. 28,437 shares of the company were exchanged, compared to its average volume of 293,838. The stock has a market capitalization of $457.96 million, a P/E ratio of -70.24, a PEG ratio of 1.28 and a beta of 0.65. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62. The stock's 50-day simple moving average is $18.08 and its 200 day simple moving average is $18.40.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $29.30 million for 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, research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $0.4675 per share. The ex-dividend date was Monday, February 24th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a yield of 11.57%. Community Healthcare Trust's payout ratio 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.