Sumitomo Mitsui Trust Group Inc. Decreases Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,527 shares of the real estate investment trust’s stock after selling 743 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Community Healthcare Trust were worth $500,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHCT. Vanguard Group Inc. grew its stake in Community Healthcare Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,951,903 shares of the real estate investment trust’s stock valued at $78,373,000 after purchasing an additional 53,282 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Community Healthcare Trust by 8.0% in the second quarter. Systematic Financial Management LP now owns 749,243 shares of the real estate investment trust’s stock worth $17,525,000 after buying an additional 55,558 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Community Healthcare Trust by 5,664.3% in the first quarter. Janus Henderson Group PLC now owns 590,442 shares of the real estate investment trust’s stock worth $15,676,000 after buying an additional 580,199 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Community Healthcare Trust by 18.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 428,730 shares of the real estate investment trust’s stock valued at $10,028,000 after purchasing an additional 65,642 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Community Healthcare Trust by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 372,488 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 6,836 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHCT. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Piper Sandler raised 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. Evercore ISI upgraded shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price objective for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. Robert W. Baird decreased their target price 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. Finally, 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. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Stock Down 1.0 %

Community Healthcare Trust stock opened at $18.70 on Wednesday. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $29.16. The firm has a market capitalization of $528.09 million, a price-to-earnings ratio of -207.78, a PEG ratio of 1.27 and a beta of 0.67. The firm has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $20.64.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). The business had revenue of $29.64 million during the quarter, compared to the consensus estimate of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same period in the previous year, the company posted $0.63 EPS. 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 will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.465 dividend. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date is Friday, November 8th. Community Healthcare Trust’s dividend payout ratio is currently -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.