State Street Corp Sells 594,445 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

State Street Corp trimmed its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 934,723 shares of the real estate investment trust's stock after selling 594,445 shares during the quarter. State Street Corp owned approximately 3.31% of Community Healthcare Trust worth $16,965,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust's stock valued at $249,000 after buying an additional 552 shares during the period. SG Americas Securities LLC boosted its position 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 acquiring an additional 618 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock valued at $151,000 after acquiring an additional 840 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Community Healthcare Trust by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust's stock worth $338,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Community Healthcare Trust by 12.1% in the second quarter. Inspire Investing LLC now owns 15,166 shares of the real estate investment trust's stock worth $355,000 after purchasing an additional 1,635 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Stock Performance

NYSE:CHCT traded up $0.36 during trading hours on Wednesday, reaching $18.30. The company's stock had a trading volume of 95,094 shares, compared to its average volume of 279,796. The firm has a market capitalization of $516.83 million, a price-to-earnings ratio of -203.33, a PEG ratio of 1.24 and a beta of 0.68. The firm has a 50-day simple moving average of $18.38 and a 200-day simple moving average of $19.73. Community Healthcare Trust Incorporated has a 1 year low of $15.06 and a 1 year high of $28.10.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The company had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. During the same period last year, the firm posted $0.63 EPS. Equities 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 company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.465 dividend. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.86 annualized dividend and a dividend yield of 10.16%. Community Healthcare Trust's dividend payout ratio (DPR) is currently -2,066.67%.

Analysts Set New Price Targets

CHCT has been the subject of several research analyst reports. Evercore ISI upgraded shares of Community Healthcare Trust from an "underperform" rating to an "inline" rating and dropped their target price for the company from $21.00 to $18.00 in a research report on Monday, September 16th. StockNews.com raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Truist Financial increased their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Piper Sandler lifted their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.25.

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.