Vanguard Group Inc. Reduces Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Vanguard Group Inc. trimmed its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,726,074 shares of the real estate investment trust's stock after selling 38,508 shares during the period. Vanguard Group Inc. owned 9.65% of Community Healthcare Trust worth $52,368,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 905 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Community Healthcare Trust in the fourth quarter valued at about $108,000. Point72 Asset Management L.P. purchased a new stake in Community Healthcare Trust in the 3rd quarter valued at approximately $198,000. SG Americas Securities LLC boosted its position in shares of Community Healthcare Trust by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 1,021 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust's stock worth $210,000 after buying an additional 1,828 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Price Performance

NYSE:CHCT traded up $0.24 on Thursday, reaching $16.03. The stock had a trading volume of 25,388 shares, compared to its average volume of 235,873. The company has a market cap of $454.13 million, a price-to-earnings ratio of -69.67, a P/E/G ratio of 1.28 and a beta of 0.65. Community Healthcare Trust Incorporated has a 12-month low of $14.76 and a 12-month high of $27.62. The firm's fifty day moving average is $18.08 and its two-hundred day moving average is $18.40.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $29.30 million during the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. As a group, research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 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 Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.4675 per share. The ex-dividend date was Monday, February 24th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 11.67%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio is currently -813.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CHCT shares. Truist Financial raised their price objective 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. StockNews.com upgraded shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a research report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.25.

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.