Point72 Asia Singapore Pte. Ltd. Purchases New Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,783 shares of the real estate investment trust’s stock, valued at approximately $722,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of 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 worth $78,373,000 after buying an additional 53,282 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Community Healthcare Trust during the 1st quarter worth approximately $34,000. Price T Rowe Associates Inc. MD lifted its position in shares of Community Healthcare Trust by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,686 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 919 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Community Healthcare Trust by 65.7% during the 2nd quarter. SG Americas Securities LLC now owns 9,152 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 3,630 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of Community Healthcare Trust by 124.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 52,794 shares of the real estate investment trust’s stock worth $1,235,000 after buying an additional 29,297 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Piper Sandler raised their price target on shares of 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 decreased their price target for the stock from $21.00 to $18.00 in a research note on Monday, September 16th. Finally, StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.00.

Community Healthcare Trust Trading Up 0.6 %

Community Healthcare Trust stock opened at $18.90 on Monday. Community Healthcare Trust Incorporated has a 1-year low of $15.06 and a 1-year high of $29.16. The firm has a market capitalization of $533.74 million, a price-to-earnings ratio of -210.00, a P/E/G ratio of 1.29 and a beta of 0.67. The firm has a 50 day simple moving average of $17.93 and a 200 day simple moving average of $20.35.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. The business had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.84 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 9.84%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, November 8th. Community Healthcare Trust’s payout ratio is currently -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.