Asset Management One Co. Ltd. Buys 3,473 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Asset Management One Co. Ltd. raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,843 shares of the real estate investment trust’s stock after purchasing an additional 3,473 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Community Healthcare Trust were worth $694,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CHCT. Daiwa Securities Group Inc. boosted its stake 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 worth $151,000 after acquiring an additional 840 shares during the period. SG Americas Securities LLC boosted its stake 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 worth $177,000 after acquiring an additional 618 shares during the period. Woodmont Investment Counsel LLC bought a new position in shares of Community Healthcare Trust during the 3rd quarter worth approximately $182,000. Point72 Asset Management L.P. bought a new position in shares of Community Healthcare Trust during the 3rd quarter worth approximately $198,000. Finally, Point72 DIFC Ltd bought a new position in shares of Community Healthcare Trust during the 3rd quarter worth approximately $201,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHCT. Piper Sandler lifted their target price 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. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Truist Financial lifted their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Price Performance

CHCT opened at $18.90 on Friday. The business has a fifty day simple moving average of $19.30 and a 200 day simple moving average of $18.46. The company has a market capitalization of $533.59 million, a PE ratio of -82.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.69. Community Healthcare Trust Incorporated has a 1 year low of $15.06 and a 1 year high of $27.73.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business 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 0.64% and a negative net margin of 2.75%. Equities analysts anticipate 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 will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a $0.4675 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a yield of 9.90%. Community Healthcare Trust’s payout ratio is currently -808.70%.

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.