Point72 Asia Singapore Pte. Ltd. Purchases New Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Point72 Asia Singapore Pte. Ltd. bought a new position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,783 shares of the real estate investment trust's stock, valued at approximately $722,000. Point72 Asia Singapore Pte. Ltd. owned about 0.14% of Community Healthcare Trust at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Community Healthcare Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust's stock valued at $78,373,000 after acquiring an additional 53,282 shares during the period. Systematic Financial Management LP increased its holdings in shares of Community Healthcare Trust by 8.0% during the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust's stock valued at $17,525,000 after purchasing an additional 55,558 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of Community Healthcare Trust by 18.1% during the second quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust's stock valued at $10,028,000 after purchasing an additional 65,642 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Community Healthcare Trust by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust's stock valued at $8,712,000 after purchasing an additional 6,836 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in Community Healthcare Trust by 15.5% in the second quarter. Peregrine Capital Management LLC now owns 246,109 shares of the real estate investment trust's stock worth $5,756,000 after purchasing an additional 33,008 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Stock Down 0.5 %

NYSE:CHCT traded down $0.09 during trading hours on Monday, reaching $18.81. 97,802 shares of the company's stock were exchanged, compared to its average volume of 277,296. The company has a market capitalization of $531.19 million, a P/E ratio of -210.00, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67. Community Healthcare Trust Incorporated has a 12 month low of $15.06 and a 12 month high of $29.16. The business's 50-day simple moving average is $17.93 and its two-hundred day simple moving average is $20.32.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). The company had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period in the prior year, the business earned $0.63 earnings per share. As a group, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 9.89%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.42. Community Healthcare Trust's payout ratio is presently -2,066.67%.

Analyst Ratings Changes

A number of analysts have commented on CHCT shares. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Monday, November 25th. Evercore ISI raised Community Healthcare Trust from an "underperform" rating to an "inline" rating and dropped their target price for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Truist Financial decreased their price target on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Finally, Piper Sandler upped their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Community Healthcare Trust presently has a consensus rating of "Hold" and a consensus price target of $21.00.

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.