Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Quest Partners LLC

Quest Partners LLC lowered its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 6.9% during the third quarter, HoldingsChannel reports. The firm owned 18,961 shares of the real estate investment trust’s stock after selling 1,405 shares during the quarter. Quest Partners LLC’s holdings in Community Healthcare Trust were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in shares of Community Healthcare Trust in the third quarter valued at approximately $408,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Community Healthcare Trust by 18.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 223,052 shares of the real estate investment trust’s stock valued at $4,048,000 after purchasing an additional 35,352 shares during the period. Woodmont Investment Counsel LLC acquired a new position in shares of Community Healthcare Trust in the third quarter valued at approximately $182,000. Graham Capital Wealth Management LLC acquired a new position in shares of Community Healthcare Trust in the third quarter valued at approximately $2,650,000. Finally, Ballentine Partners LLC acquired a new position in shares of Community Healthcare Trust in the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

Community Healthcare Trust Stock Up 0.4 %

Shares of NYSE:CHCT opened at $18.60 on Tuesday. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $29.16. The stock’s fifty day simple moving average is $17.80 and its 200-day simple moving average is $20.47. The company has a market capitalization of $525.30 million, a P/E ratio of -206.67, a P/E/G ratio of 1.26 and a beta of 0.67.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.39). The business had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.465 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is presently -2,066.67%.

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.