LDR Capital Management LLC Boosts Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

LDR Capital Management LLC grew its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 135.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,808 shares of the real estate investment trust’s stock after buying an additional 47,088 shares during the period. Community Healthcare Trust accounts for 2.1% of LDR Capital Management LLC’s portfolio, making the stock its 21st biggest holding. LDR Capital Management LLC owned 0.29% of Community Healthcare Trust worth $1,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Algert Global LLC raised its stake in Community Healthcare Trust by 534.3% during the 3rd quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock valued at $2,059,000 after purchasing an additional 95,557 shares during the period. Graham Capital Wealth Management LLC bought a new stake in Community Healthcare Trust during the 3rd quarter valued at approximately $2,650,000. Dynamic Technology Lab Private Ltd bought a new stake in Community Healthcare Trust during the 3rd quarter valued at approximately $212,000. Verition Fund Management LLC bought a new stake in Community Healthcare Trust during the 3rd quarter valued at approximately $851,000. Finally, Geode Capital Management LLC increased its stake in Community Healthcare Trust by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 674,517 shares of the real estate investment trust’s stock worth $12,245,000 after acquiring an additional 9,256 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Down 0.6 %

CHCT opened at $18.81 on Friday. The business has a fifty day moving average of $19.32 and a 200 day moving average of $18.46. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $27.73. The stock has a market cap of $533.08 million, a P/E ratio of -81.78, a PEG ratio of 1.26 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The company had revenue of $29.30 million during the quarter, compared to analysts’ expectations of $29.85 million. Equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $0.4675 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.87 dividend on an annualized basis and a yield of 9.94%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is presently -808.70%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CHCT shares. Piper Sandler lifted their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Truist Financial lifted their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Three investment 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 presently has an average rating of “Hold” and a consensus price target of $21.25.

Community Healthcare Trust Company 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.