Phocas Financial Corp. Purchases Shares of 203,258 Community Healthcare Trust Incorporated (NYSE:CHCT)

Phocas Financial Corp. acquired a new position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 203,258 shares of the real estate investment trust's stock, valued at approximately $3,689,000. Phocas Financial Corp. owned approximately 0.72% of Community Healthcare Trust as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in Community Healthcare Trust by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust's stock worth $249,000 after buying an additional 552 shares during the period. SG Americas Securities LLC boosted its stake in shares of Community Healthcare Trust by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock valued at $177,000 after buying an additional 618 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Community Healthcare Trust by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust's stock worth $444,000 after buying an additional 919 shares in the last quarter. Swiss National Bank increased its stake in shares of Community Healthcare Trust by 2.6% in the first quarter. Swiss National Bank now owns 51,100 shares of the real estate investment trust's stock worth $1,357,000 after buying an additional 1,300 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust in the first quarter valued at $34,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHCT. Robert W. Baird decreased their price target on 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. Truist Financial lowered their price target on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating for the company in a report on Friday, August 30th. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Evercore ISI upgraded shares of Community Healthcare Trust from an "underperform" rating to an "inline" rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, Piper Sandler raised their price target on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Community Healthcare Trust has an average rating of "Hold" and an average target price of $21.00.

Community Healthcare Trust Stock Performance

Shares of NYSE:CHCT traded down $0.17 during mid-day trading on Tuesday, hitting $18.72. The stock had a trading volume of 73,487 shares, compared to its average volume of 278,935. The company's 50 day moving average is $17.62 and its 200-day moving average is $20.68. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.16. The company has a market cap of $528.65 million, a PE ratio of -210.06, a P/E/G ratio of 1.27 and a beta of 0.67.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The firm had revenue of $29.64 million for the quarter, compared to analysts' expectations of $29.06 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 9.94%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's dividend payout ratio (DPR) is -2,066.67%.

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.