Quantbot Technologies LP Raises Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Quantbot Technologies LP boosted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 639.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,767 shares of the real estate investment trust's stock after acquiring an additional 28,338 shares during the quarter. Quantbot Technologies LP owned about 0.12% of Community Healthcare Trust worth $595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Community Healthcare Trust by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust's stock worth $338,000 after buying an additional 1,041 shares during the period. Capital Square LLC purchased a new stake in shares of Community Healthcare Trust in the third quarter valued at approximately $286,000. DRW Securities LLC bought a new position in Community Healthcare Trust in the third quarter worth approximately $345,000. Dynamic Technology Lab Private Ltd purchased a new position in Community Healthcare Trust during the 3rd quarter worth $212,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Community Healthcare Trust by 11.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock worth $151,000 after buying an additional 840 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

NYSE CHCT traded down $0.06 on Tuesday, hitting $18.77. The stock had a trading volume of 129,049 shares, compared to its average volume of 277,244. The stock has a market cap of $530.06 million, a price-to-earnings ratio of -209.44, a price-to-earnings-growth ratio of 1.29 and a beta of 0.68. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $29.16. The business's fifty day moving average price is $17.97 and its 200 day moving average price is $20.29.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted 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). The company had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter last year, the company earned $0.63 EPS. As a group, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.91%. Community Healthcare Trust's payout ratio is -2,066.67%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI upgraded Community Healthcare Trust from an "underperform" rating to an "inline" rating and decreased their price objective for the company from $21.00 to $18.00 in a report on Monday, September 16th. Truist Financial cut their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, August 30th. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Finally, Piper Sandler lifted their price target 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Community Healthcare Trust presently has an average rating of "Hold" and a consensus target price of $21.00.

Community Healthcare Trust 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.