Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 678,505 shares of the real estate investment trust’s stock after purchasing an additional 3,988 shares during the period. Geode Capital Management LLC’s holdings in Community Healthcare Trust were worth $13,037,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 905 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Community Healthcare Trust during the fourth quarter worth $108,000. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 10.5% in the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 1,021 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Community Healthcare Trust by 20.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 1,828 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Community Healthcare Trust during the 4th quarter worth $229,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Performance

NYSE:CHCT opened at $15.99 on Tuesday. The company has a 50-day moving average of $17.84 and a 200-day moving average of $18.38. The company 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. Community Healthcare Trust Incorporated has a 52 week low of $14.76 and a 52 week high of $27.62.

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

Community Healthcare Trust Increases Dividend

The business also recently declared 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. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.87 annualized dividend and a yield of 11.69%. Community Healthcare Trust’s dividend payout ratio is -813.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. 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.com, the company presently has an average rating of “Hold” and an average price target of $21.25.

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.