Charles Schwab Investment Management Inc. Boosts Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 227,050 shares of the real estate investment trust’s stock after acquiring an additional 10,824 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Community Healthcare Trust were worth $4,121,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CHCT. SG Americas Securities LLC lifted its stake in shares of Community Healthcare Trust by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $182,000. Pensionfund Sabic acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $218,000. Ballentine Partners LLC acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $218,000. Finally, LMR Partners LLP acquired a new position in shares of Community Healthcare Trust in the third quarter valued at about $221,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Price Performance

NYSE CHCT opened at $18.11 on Friday. The company has a market cap of $511.43 million, a PE ratio of -201.22, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68. The stock’s 50 day simple moving average is $18.13 and its 200-day simple moving average is $20.02. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.39). The firm had revenue of $29.64 million during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.63 EPS. On average, equities research analysts anticipate that Community Healthcare Trust Incorporated will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 10.27%. The ex-dividend date was Friday, November 8th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is currently -2,066.67%.

Analysts Set New Price Targets

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