AlphaQuest LLC Trims Position in Community Healthcare Trust Incorporated $CHCT

AlphaQuest LLC cut its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,950 shares of the real estate investment trust’s stock after selling 3,252 shares during the period. AlphaQuest LLC’s holdings in Community Healthcare Trust were worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHCT. Nuveen LLC purchased a new stake in shares of Community Healthcare Trust in the first quarter worth $11,693,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Community Healthcare Trust by 43.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 681,352 shares of the real estate investment trust’s stock worth $12,373,000 after purchasing an additional 207,499 shares in the last quarter. Davis Selected Advisers increased its stake in shares of Community Healthcare Trust by 39.9% in the first quarter. Davis Selected Advisers now owns 301,740 shares of the real estate investment trust’s stock worth $5,480,000 after purchasing an additional 86,110 shares in the last quarter. Invesco Ltd. increased its stake in shares of Community Healthcare Trust by 12.2% in the first quarter. Invesco Ltd. now owns 677,436 shares of the real estate investment trust’s stock worth $12,302,000 after purchasing an additional 73,762 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Community Healthcare Trust by 339.7% in the first quarter. Jane Street Group LLC now owns 89,755 shares of the real estate investment trust’s stock worth $1,630,000 after purchasing an additional 69,343 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Stock Up 4.1%

Shares of NYSE:CHCT opened at $14.59 on Friday. Community Healthcare Trust Incorporated has a 52 week low of $13.23 and a 52 week high of $20.87. The stock has a market capitalization of $413.89 million, a P/E ratio of -37.41 and a beta of 0.71. The firm has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $15.79.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.04). The firm had revenue of $30.13 million during the quarter, compared to the consensus estimate of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. On average, analysts expect that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be given a $0.475 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.90 annualized dividend and a yield of 13.0%. Community Healthcare Trust’s dividend payout ratio is presently -484.62%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Truist Financial cut their target price on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Zacks Research cut shares of Community Healthcare Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Community Healthcare Trust in a research note on Friday. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.00.

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.