Kennedy Capital Management LLC Has $16.75 Million Position in Community Healthcare Trust Incorporated $CHCT

Kennedy Capital Management LLC lifted its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,019,810 shares of the real estate investment trust’s stock after purchasing an additional 213,349 shares during the quarter. Kennedy Capital Management LLC owned 3.58% of Community Healthcare Trust worth $16,745,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CHCT. Kestra Advisory Services LLC acquired a new position in shares of Community Healthcare Trust during the fourth quarter worth about $49,000. Creative Financial Designs Inc. ADV increased its stake in shares of Community Healthcare Trust by 104.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,553 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,817 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Community Healthcare Trust by 992.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,521 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 4,107 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Community Healthcare Trust by 143.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,886 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 3,470 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Community Healthcare Trust during the 2nd quarter worth about $114,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Community Healthcare Trust Trading Up 0.3%

NYSE:CHCT opened at $17.93 on Friday. The stock has a market cap of $512.32 million, a P/E ratio of 163.03 and a beta of 0.73. The stock has a 50 day simple moving average of $17.26 and a 200 day simple moving average of $16.76. Community Healthcare Trust Incorporated has a 1-year low of $13.23 and a 1-year high of $18.29.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $31.52 million during the quarter, compared to analyst estimates of $31.03 million. Community Healthcare Trust had a net margin of 4.94% and a return on equity of 1.41%. As a group, sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.86 EPS for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.92 annualized dividend and a yield of 10.7%. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. Community Healthcare Trust’s payout ratio is presently 1,745.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHCT shares. Wall Street Zen lowered shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler raised their price objective on Community Healthcare Trust from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Community Healthcare Trust in a research report on Monday, May 18th. Zacks Research cut Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Evercore set a $17.00 price objective on Community Healthcare Trust in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.33.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long?term, triple?net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.