Community Healthcare Trust Incorporated (NYSE:CHCT) Stake Lessened by Phocas Financial Corp.

Phocas Financial Corp. lowered its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 69.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,160 shares of the real estate investment trust’s stock after selling 141,098 shares during the quarter. Phocas Financial Corp. owned approximately 0.22% of Community Healthcare Trust worth $1,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Community Healthcare Trust during the third quarter worth about $231,000. Ballentine Partners LLC bought a new position in Community Healthcare Trust during the 3rd quarter valued at about $218,000. Woodmont Investment Counsel LLC acquired a new position in shares of Community Healthcare Trust in the 3rd quarter worth approximately $182,000. State of New Jersey Common Pension Fund D boosted its stake in Community Healthcare Trust by 18.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 223,052 shares of the real estate investment trust’s stock worth $4,048,000 after purchasing an additional 35,352 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Community Healthcare Trust during the 3rd quarter worth about $408,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHCT. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Piper Sandler lifted their price target on shares of 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, Truist Financial increased their price objective on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.25.

Community Healthcare Trust Stock Up 0.3 %

Shares of Community Healthcare Trust stock opened at $18.48 on Wednesday. The stock has a market cap of $523.59 million, a P/E ratio of -80.33, a P/E/G ratio of 1.28 and a beta of 0.69. The business’s 50 day moving average is $19.31 and its 200-day moving average is $18.45. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $27.73.

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

Community Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 10.12%. The ex-dividend date is Monday, February 24th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is presently -813.04%.

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.