Corebridge Financial Inc. Sells 1,019 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Corebridge Financial Inc. decreased its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,515 shares of the real estate investment trust’s stock after selling 1,019 shares during the period. Corebridge Financial Inc.’s holdings in Community Healthcare Trust were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CHCT. Signaturefd LLC increased its holdings in Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 905 shares during the period. SG Americas Securities LLC boosted its position in Community Healthcare Trust by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 1,021 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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. Public Employees Retirement System of Ohio lifted its position in shares of Community Healthcare Trust by 3.1% during the third quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 1,082 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Community Healthcare Trust by 2.4% in the 4th quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust’s stock valued at $920,000 after buying an additional 1,125 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Price Performance

CHCT stock opened at $14.93 on Friday. The company has a market capitalization of $423.16 million, a P/E ratio of -64.92, a price-to-earnings-growth ratio of 1.28 and a beta of 0.65. The firm’s fifty day simple moving average is $18.34 and its 200-day simple moving average is $18.45. Community Healthcare Trust Incorporated has a 12 month low of $14.76 and a 12 month high of $27.62.

Community Healthcare Trust (NYSE:CHCT) last released 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. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The business had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. As a group, sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $0.4675 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 24th. This represents a $1.87 dividend on an annualized basis and a yield of 12.52%. Community Healthcare Trust’s dividend payout ratio is presently -813.04%.

Analysts Set New Price Targets

CHCT has been the subject of several analyst reports. StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Truist Financial upped their price target on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.25.

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.