Alliancebernstein L.P. Lowers Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Alliancebernstein L.P. cut its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 25.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,458 shares of the real estate investment trust’s stock after selling 5,319 shares during the period. Alliancebernstein L.P.’s holdings in Community Healthcare Trust were worth $297,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CHCT. Graham Capital Wealth Management LLC increased its stake in Community Healthcare Trust by 31.7% during the 4th quarter. Graham Capital Wealth Management LLC now owns 192,233 shares of the real estate investment trust’s stock valued at $3,693,000 after purchasing an additional 46,217 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Community Healthcare Trust by 58.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust’s stock worth $6,926,000 after acquiring an additional 133,482 shares during the last quarter. Sei Investments Co. lifted its position in Community Healthcare Trust by 6.9% in the 4th quarter. Sei Investments Co. now owns 232,819 shares of the real estate investment trust’s stock valued at $4,472,000 after acquiring an additional 14,972 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Community Healthcare Trust by 17.3% during the 4th quarter. New York State Common Retirement Fund now owns 220,024 shares of the real estate investment trust’s stock valued at $4,227,000 after purchasing an additional 32,469 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Community Healthcare Trust in the 4th quarter worth $678,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $15.99 on Tuesday. Community Healthcare Trust Incorporated has a 1-year low of $14.76 and a 1-year high of $27.62. The stock has a market capitalization of $453.14 million, a price-to-earnings ratio of -69.52, a PEG ratio of 1.28 and a beta of 0.65. The business’s fifty day moving average price is $17.84 and its 200-day moving average price is $18.38.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm 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 research analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.4675 per share. The ex-dividend date was Monday, February 24th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a yield of 11.69%. Community Healthcare Trust’s payout ratio is -813.04%.

Analyst Ratings Changes

Separately, StockNews.com raised 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 given a buy rating to the stock. According to MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and a consensus 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.