KLP Kapitalforvaltning AS Takes Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

KLP Kapitalforvaltning AS bought a new position in Community Healthcare Trust Incorporated (NYSE:CHCT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 5,600 shares of the real estate investment trust’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Community Healthcare Trust by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 227,050 shares of the real estate investment trust’s stock worth $4,121,000 after buying an additional 10,824 shares during the period. The Manufacturers Life Insurance Company lifted its position in Community Healthcare Trust by 5.9% in the third quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 1,041 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Community Healthcare Trust by 257.8% during the third quarter. BNP Paribas Financial Markets now owns 24,226 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 17,455 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Community Healthcare Trust by 39.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,665 shares of the real estate investment trust’s stock worth $811,000 after purchasing an additional 12,681 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Community Healthcare Trust in the third quarter worth $198,000. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a 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. Based on data from MarketBeat, Community Healthcare Trust has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Trading Down 7.0 %

NYSE:CHCT opened at $15.26 on Friday. The company has a 50-day moving average price of $18.44 and a 200-day moving average price of $18.46. The stock has a market cap of $432.57 million, a price-to-earnings ratio of -66.37, a P/E/G ratio of 1.28 and a beta of 0.65. Community Healthcare Trust Incorporated has a 12 month low of $14.91 and a 12 month high of $27.62.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $29.30 million during the quarter, compared to analyst estimates of $29.85 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. Equities analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 12.25%. The ex-dividend date was Monday, February 24th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -813.04%.

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.