Janus Henderson Group PLC Has $4.71 Million Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Janus Henderson Group PLC lowered its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 65.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 259,500 shares of the real estate investment trust’s stock after selling 490,681 shares during the quarter. Janus Henderson Group PLC’s holdings in Community Healthcare Trust were worth $4,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CHCT. Daiwa Securities Group Inc. grew its holdings in Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Community Healthcare Trust by 65.7% during the second quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 3,630 shares during the period. Woodmont Investment Counsel LLC bought a new stake in shares of Community Healthcare Trust in the third quarter worth $182,000. B. Riley Wealth Advisors Inc. acquired a new stake in Community Healthcare Trust in the second quarter valued at $243,000. Finally, American Century Companies Inc. raised its position in Community Healthcare Trust by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $18.59 on Wednesday. The stock has a market capitalization of $524.98 million, a P/E ratio of -206.56, a P/E/G ratio of 1.23 and a beta of 0.68. The business has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $20.08. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data 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 company had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period last year, the business earned $0.63 EPS. Equities analysts expect that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. The ex-dividend date was Friday, November 8th. This represents a $1.86 annualized dividend and a dividend yield of 10.01%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio is currently -2,066.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on CHCT. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Monday, September 16th. Piper Sandler upped their target price on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Truist Financial lowered their price target on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Community Healthcare Trust has a consensus rating of “Hold” and a consensus target price of $21.00.

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.