LMR Partners LLP Invests $221,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

LMR Partners LLP bought a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,185 shares of the real estate investment trust’s stock, valued at approximately $221,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Community Healthcare Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock valued at $78,373,000 after acquiring an additional 53,282 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of Community Healthcare Trust by 8.0% during the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock valued at $17,525,000 after purchasing an additional 55,558 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Community Healthcare Trust by 5,664.3% during the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock worth $15,676,000 after purchasing an additional 580,199 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Community Healthcare Trust by 18.1% in the second quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after buying an additional 65,642 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Community Healthcare Trust by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock valued at $8,712,000 after buying an additional 6,836 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Stock Down 1.7 %

Community Healthcare Trust stock opened at $18.38 on Thursday. The company has a market capitalization of $519.05 million, a PE ratio of -204.22, a PEG ratio of 1.27 and a beta of 0.67. The firm’s fifty day moving average is $17.72 and its 200 day moving average is $20.62. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. The company had revenue of $29.64 million for the quarter, compared to the consensus estimate of $29.06 million. During the same period last year, the company earned $0.63 EPS. Sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.465 per share. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, November 8th. This represents a $1.86 annualized dividend and a dividend yield of 10.12%. Community Healthcare Trust’s payout ratio is currently -2,066.67%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHCT. Robert W. Baird reduced their price objective on shares of Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Truist Financial decreased their price target on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Piper Sandler lifted their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust 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.