Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Sold by Quest Partners LLC

Quest Partners LLC trimmed its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,961 shares of the real estate investment trust’s stock after selling 1,405 shares during the quarter. Quest Partners LLC owned 0.07% of Community Healthcare Trust worth $344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in Community Healthcare Trust during the 1st quarter valued at about $34,000. SG Americas Securities LLC boosted its holdings in Community Healthcare Trust by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 618 shares during the period. Woodmont Investment Counsel LLC purchased a new position in Community Healthcare Trust during the 3rd quarter valued at about $182,000. Hancock Whitney Corp purchased a new position in Community Healthcare Trust during the 1st quarter valued at about $217,000. Finally, Pensionfund Sabic purchased a new position in Community Healthcare Trust during the 3rd quarter valued at about $218,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHCT has been the subject of a number of research analyst reports. Truist Financial lowered their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Robert W. Baird decreased their price objective on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their price objective for the company from $21.00 to $18.00 in a research note on Monday, September 16th. Piper Sandler lifted their price objective 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Performance

Shares of NYSE CHCT opened at $18.60 on Tuesday. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $29.16. The firm has a market capitalization of $525.30 million, a PE ratio of -206.67, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67. The stock’s 50-day simple moving average is $17.80 and its 200-day simple moving average is $20.47.

Community Healthcare Trust (NYSE:CHCT) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $29.64 million for the quarter, compared to analyst estimates of $29.06 million. During the same period last year, the business posted $0.63 EPS. On average, sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. Community Healthcare Trust’s dividend payout ratio (DPR) is -2,066.67%.

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.