Ieq Capital LLC Acquires Shares of 40,831 Community Healthcare Trust Incorporated $CHCT

Ieq Capital LLC bought a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 40,831 shares of the real estate investment trust’s stock, valued at approximately $746,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHCT. AQR Capital Management LLC lifted its holdings in Community Healthcare Trust by 18.6% during the first quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust’s stock worth $793,000 after acquiring an additional 6,856 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Community Healthcare Trust during the 1st quarter worth $231,000. Goldman Sachs Group Inc. boosted its holdings in shares of Community Healthcare Trust by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 252,492 shares of the real estate investment trust’s stock worth $4,585,000 after buying an additional 3,697 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Community Healthcare Trust by 339.7% in the 1st quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock worth $1,630,000 after buying an additional 69,343 shares during the last quarter. Finally, Creative Planning bought a new position in Community Healthcare Trust during the second quarter valued at about $196,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Z. Hensley acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $15.21 per share, for a total transaction of $121,680.00. Following the purchase, the director owned 103,702 shares in the company, valued at $1,577,307.42. This trade represents a 8.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David H. Dupuy acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $15.13 per share, for a total transaction of $151,300.00. Following the acquisition, the chief executive officer directly owned 557,262 shares in the company, valued at $8,431,374.06. This represents a 1.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on CHCT. Weiss Ratings raised shares of Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Truist Financial increased their target price on shares of Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler lowered their price target on shares of Community Healthcare Trust from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Huntington started coverage on Community Healthcare Trust in a research note on Friday, July 17th. They issued an “outperform” rating and a $20.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.50.

Community Healthcare Trust Trading Up 0.8%

Shares of CHCT stock opened at $15.05 on Friday. The stock has a market capitalization of $431.30 million, a P/E ratio of 22.47 and a beta of 0.71. The firm’s 50 day moving average is $17.17 and its 200 day moving average is $17.09. Community Healthcare Trust Incorporated has a 12 month low of $13.23 and a 12 month high of $19.17.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Community Healthcare Trust had a net margin of 16.81% and a return on equity of 4.96%. The business had revenue of $30.97 million during the quarter, compared to analysts’ expectations of $31.77 million. On average, equities analysts predict that Community Healthcare Trust Incorporated will post 1.87 EPS for the current year.

Community Healthcare Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently 197.01%.

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.