Rhumbline Advisers Sells 41,673 Shares of Community Healthcare Trust Incorporated $CHCT

Rhumbline Advisers reduced its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 49.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,121 shares of the real estate investment trust’s stock after selling 41,673 shares during the period. Rhumbline Advisers’ holdings in Community Healthcare Trust were worth $660,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Community Healthcare Trust by 111.9% during the 3rd quarter. Versant Capital Management Inc now owns 2,138 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,129 shares during the last quarter. SG Americas Securities LLC bought a new position in Community Healthcare Trust in the 3rd quarter valued at about $106,000. Quantbot Technologies LP acquired a new stake in Community Healthcare Trust during the second quarter worth approximately $114,000. Resona Asset Management Co. Ltd. boosted its holdings in shares of Community Healthcare Trust by 11.3% during the third quarter. Resona Asset Management Co. Ltd. now owns 11,112 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 1,130 shares during the period. Finally, Arrow Investment Advisors LLC boosted its holdings in shares of Community Healthcare Trust by 16.9% during the third quarter. Arrow Investment Advisors LLC now owns 11,837 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 1,714 shares during the period. 87.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHCT. Zacks Research cut Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Evercore set a $17.00 price objective on Community Healthcare Trust in a research report on Thursday, February 19th. Weiss Ratings raised Community Healthcare Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 18th. Piper Sandler boosted their target price on shares of Community Healthcare Trust from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Community Healthcare Trust from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Community Healthcare Trust currently has a consensus rating of “Hold” and an average target price of $18.33.

Community Healthcare Trust Stock Up 0.5%

CHCT stock opened at $17.24 on Thursday. Community Healthcare Trust Incorporated has a 52 week low of $13.23 and a 52 week high of $19.01. The business has a 50-day simple moving average of $17.07 and a 200 day simple moving average of $15.72. The company has a market cap of $492.55 million, a PE ratio of 246.32 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The firm had revenue of $30.95 million for the quarter, compared to analyst estimates of $31.33 million. Community Healthcare Trust had a return on equity of 1.16% and a net margin of 4.21%. On average, analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a $0.4775 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 11.1%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, February 23rd. Community Healthcare Trust’s payout ratio is 2,728.57%.

Community Healthcare Trust Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.