Legal & General Group Plc Has $611,000 Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Legal & General Group Plc lowered its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,809 shares of the real estate investment trust’s stock after selling 3,919 shares during the period. Legal & General Group Plc’s holdings in Community Healthcare Trust were worth $611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CHCT. Signaturefd LLC increased its holdings in Community Healthcare Trust by 136.1% during the 4th quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 905 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of 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 worth $207,000 after buying an additional 1,021 shares during the period. Rhumbline Advisers grew its holdings in shares of Community Healthcare Trust by 2.4% during the fourth quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust’s stock worth $920,000 after buying an additional 1,125 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Community Healthcare Trust by 20.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,828 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in Community Healthcare Trust by 3.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 80,457 shares of the real estate investment trust’s stock valued at $1,546,000 after acquiring an additional 2,762 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Trading Down 1.3 %

NYSE:CHCT opened at $16.00 on Tuesday. The firm has a fifty day simple moving average of $17.47 and a 200 day simple moving average of $18.36. 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 $453.42 million, a PE ratio of -69.57, a P/E/G ratio of 1.28 and a beta of 0.65.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. On average, equities analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a dividend of $0.47 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a dividend yield of 11.75%. The ex-dividend date of this dividend is Friday, May 9th. Community Healthcare Trust’s payout ratio is currently -817.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and a consensus target price of $21.25.

About Community Healthcare Trust

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.