Community Healthcare Trust Incorporated (NYSE:CHCT) Position Lifted by Barclays PLC

Barclays PLC raised its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 159.1% during the third quarter, HoldingsChannel reports. The fund owned 42,054 shares of the real estate investment trust’s stock after acquiring an additional 25,826 shares during the quarter. Barclays PLC’s holdings in Community Healthcare Trust were worth $762,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its position in shares of Community Healthcare Trust by 11.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Community Healthcare Trust by 6.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of Community Healthcare Trust in the 3rd quarter worth about $182,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Community Healthcare Trust in the 2nd quarter worth about $243,000. Finally, American Century Companies Inc. lifted its position in shares of Community Healthcare Trust by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 552 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHCT has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler boosted their target price on shares of 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 lowered shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Stock Up 0.4 %

Community Healthcare Trust stock opened at $19.35 on Thursday. The firm has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $19.28. The firm has a market capitalization of $546.48 million, a price-to-earnings ratio of -215.00, a PEG ratio of 1.24 and a beta of 0.68. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $28.10.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 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 quarter last year, the firm posted $0.63 earnings per share. Research 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.61%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s payout ratio is -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.