LDR Capital Management LLC Takes Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

LDR Capital Management LLC acquired a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,720 shares of the real estate investment trust's stock, valued at approximately $630,000. Community Healthcare Trust accounts for approximately 0.7% of LDR Capital Management LLC's investment portfolio, making the stock its 29th largest position. LDR Capital Management LLC owned approximately 0.13% of Community Healthcare Trust at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CHCT. PNC Financial Services Group Inc. boosted its holdings in Community Healthcare Trust by 67.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust's stock valued at $215,000 after acquiring an additional 3,260 shares during the period. Quadrature Capital Ltd grew its holdings in shares of Community Healthcare Trust by 48.0% in the fourth quarter. Quadrature Capital Ltd now owns 10,430 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 3,385 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Community Healthcare Trust by 1.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,755 shares of the real estate investment trust's stock valued at $790,000 after purchasing an additional 527 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Community Healthcare Trust by 10.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 52,366 shares of the real estate investment trust's stock worth $1,390,000 after buying an additional 4,985 shares during the period. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in Community Healthcare Trust during the 1st quarter worth approximately $7,835,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Activity at Community Healthcare Trust

In other news, Director Robert Z. Hensley bought 6,500 shares of Community Healthcare Trust stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $19.50 per share, with a total value of $126,750.00. Following the acquisition, the director now owns 70,670 shares of the company's stock, valued at approximately $1,378,065. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO David H. Dupuy purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the transaction, the chief executive officer now directly owns 363,565 shares of the company's stock, valued at approximately $7,082,246.20. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Z. Hensley acquired 6,500 shares of the firm's stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $19.50 per share, with a total value of $126,750.00. Following the completion of the transaction, the director now directly owns 70,670 shares in the company, valued at $1,378,065. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.00% of the company's stock.

Community Healthcare Trust Stock Down 1.8 %

CHCT traded down $0.31 on Tuesday, reaching $17.12. The company's stock had a trading volume of 236,716 shares, compared to its average volume of 277,407. The company has a market capitalization of $474.24 million, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.13 and a beta of 0.69. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.16. The stock has a 50 day moving average of $17.59 and a two-hundred day moving average of $21.69.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.81%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. The ex-dividend date was Friday, August 9th. Community Healthcare Trust's dividend payout ratio (DPR) is 289.06%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CHCT shares. StockNews.com downgraded shares of Community Healthcare Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, August 20th. Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and cut their price target for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Piper Sandler decreased their price objective on Community Healthcare Trust from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, September 9th. Truist Financial cut their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Finally, Robert W. Baird decreased their price target on shares of Community Healthcare Trust from $29.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.75.

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.