Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 400.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,631 shares of the real estate investment trust's stock after buying an additional 62,116 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.27% of Community Healthcare Trust worth $1,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its stake in shares of Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust's stock worth $151,000 after purchasing an additional 840 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 6.8% in the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust's stock worth $177,000 after purchasing an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of Community Healthcare Trust in the third quarter worth about $182,000. Point72 Asset Management L.P. purchased a new position in shares of Community Healthcare Trust in the third quarter worth about $198,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Community Healthcare Trust in the third quarter worth about $201,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Performance

Community Healthcare Trust stock traded down $0.36 during midday trading on Wednesday, hitting $18.22. 248,711 shares of the company were exchanged, compared to its average volume of 275,866. The firm has a market capitalization of $514.39 million, a PE ratio of -202.39, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.16. The business has a fifty day simple moving average of $18.09 and a two-hundred day simple moving average of $20.06.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 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 company had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same period last year, the business earned $0.63 earnings per share. As a group, equities analysts expect that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.465 dividend. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 10.21%. The ex-dividend date of this dividend was Friday, November 8th. Community Healthcare Trust's dividend payout ratio (DPR) is presently -2,066.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHCT. StockNews.com upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Monday, November 25th. Piper Sandler raised their price objective 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. Truist Financial dropped their target price on Community Healthcare Trust from $30.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Finally, 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. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.