The Manufacturers Life Insurance Company Acquires 1,041 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

The Manufacturers Life Insurance Company boosted its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,623 shares of the real estate investment trust’s stock after purchasing an additional 1,041 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Community Healthcare Trust were worth $338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHCT. Capital Square LLC bought a new stake in Community Healthcare Trust in the third quarter worth $286,000. DRW Securities LLC bought a new stake in Community Healthcare Trust in the third quarter worth $345,000. Dynamic Technology Lab Private Ltd bought a new stake in Community Healthcare Trust in the third quarter worth $212,000. Daiwa Securities Group Inc. increased its stake in Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 840 shares during the period. Finally, Penserra Capital Management LLC increased its stake in Community Healthcare Trust by 23.0% in the third quarter. Penserra Capital Management LLC now owns 43,154 shares of the real estate investment trust’s stock worth $783,000 after purchasing an additional 8,060 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Community Healthcare Trust Stock Performance

Shares of CHCT opened at $18.09 on Monday. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $29.16. The stock has a market capitalization of $510.86 million, a price-to-earnings ratio of -201.00, a PEG ratio of 1.24 and a beta of 0.68. The stock has a 50 day moving average price of $18.13 and a 200 day moving average price of $19.98.

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 for the quarter, missing analysts’ consensus estimates 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 firm posted $0.63 EPS. On average, analysts predict that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed 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 10.28%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s payout ratio is currently -2,066.67%.

Analyst Upgrades and Downgrades

CHCT has been the topic of several research reports. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and cut their price target for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Truist Financial cut 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 raised 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. Finally, StockNews.com upgraded Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. 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 data from MarketBeat.com, Community Healthcare Trust has an average rating of “Hold” and a consensus price target 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.