Community Healthcare Trust Incorporated $CHCT Stake Lifted by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 55.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 136,431 shares of the real estate investment trust’s stock after buying an additional 48,885 shares during the quarter. Community Healthcare Trust makes up about 0.9% of Wealthedge Investment Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Wealthedge Investment Advisors LLC owned about 0.48% of Community Healthcare Trust worth $2,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in Community Healthcare Trust by 14.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 306,793 shares of the real estate investment trust’s stock valued at $5,102,000 after purchasing an additional 39,380 shares during the last quarter. Inceptionr LLC bought a new stake in shares of Community Healthcare Trust during the second quarter valued at approximately $191,000. XTX Topco Ltd acquired a new position in shares of Community Healthcare Trust during the second quarter worth approximately $241,000. Rhumbline Advisers raised its stake in Community Healthcare Trust by 83.9% during the 2nd quarter. Rhumbline Advisers now owns 84,794 shares of the real estate investment trust’s stock valued at $1,410,000 after acquiring an additional 38,686 shares in the last quarter. Finally, Capital Square LLC boosted its position in Community Healthcare Trust by 2.9% during the 2nd quarter. Capital Square LLC now owns 25,377 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 708 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $15.58 on Monday. Community Healthcare Trust Incorporated has a 12 month low of $13.23 and a 12 month high of $20.87. The company has a market capitalization of $443.58 million, a P/E ratio of -38.95 and a beta of 0.72. The company’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $15.55.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Community Healthcare Trust had a negative return on equity of 1.66% and a negative net margin of 6.27%.The company had revenue of $31.09 million for the quarter, compared to analysts’ expectations of $30.58 million. On average, analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 12.2%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, November 7th. Community Healthcare Trust’s payout ratio is presently -475.00%.

Insider Buying and Selling at Community Healthcare Trust

In related news, Director Cathrine Cotman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $14.66 per share, for a total transaction of $58,640.00. Following the transaction, the director directly owned 37,635 shares of the company’s stock, valued at $551,729.10. This trade represents a 11.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating on shares of Community Healthcare Trust in a report on Monday, August 4th. Truist Financial lowered their target price on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

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.