Community Healthcare Trust Incorporated $CHCT Shares Acquired by LDR Capital Management LLC

LDR Capital Management LLC lifted its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,129 shares of the real estate investment trust’s stock after acquiring an additional 2,102 shares during the period. Community Healthcare Trust accounts for approximately 3.1% of LDR Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. LDR Capital Management LLC owned approximately 0.51% of Community Healthcare Trust worth $2,397,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CHCT. Nuveen LLC purchased a new position in Community Healthcare Trust in the first quarter valued at approximately $11,693,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Community Healthcare Trust by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 681,352 shares of the real estate investment trust’s stock valued at $12,373,000 after buying an additional 207,499 shares in the last quarter. Davis Selected Advisers grew its position in shares of Community Healthcare Trust by 39.9% in the 1st quarter. Davis Selected Advisers now owns 301,740 shares of the real estate investment trust’s stock valued at $5,480,000 after buying an additional 86,110 shares during the last quarter. Invesco Ltd. raised its stake in Community Healthcare Trust by 12.2% during the 1st quarter. Invesco Ltd. now owns 677,436 shares of the real estate investment trust’s stock worth $12,302,000 after acquiring an additional 73,762 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Community Healthcare Trust by 339.7% in the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock valued at $1,630,000 after acquiring an additional 69,343 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHCT shares. Truist Financial dropped their price objective on Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Zacks Research cut Community Healthcare Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Saturday, September 27th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Community Healthcare Trust Price Performance

CHCT opened at $15.04 on Monday. Community Healthcare Trust Incorporated has a 52 week low of $14.20 and a 52 week high of $20.87. The business has a 50 day moving average price of $15.23 and a two-hundred day moving average price of $16.16. The company has a market cap of $426.64 million, a PE ratio of -38.56 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.04). Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. The company had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.22 million. As a group, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 12.6%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, August 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -484.62%.

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.