Albert D Mason Inc. Trims Stock Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Albert D Mason Inc. lowered its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 8.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,440 shares of the real estate investment trust’s stock after selling 2,345 shares during the quarter. Albert D Mason Inc.’s holdings in Community Healthcare Trust were worth $469,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Community Healthcare Trust by 5.5% during the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 552 shares during the last quarter. SG Americas Securities LLC lifted 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 buying an additional 618 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Community Healthcare Trust by 11.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 840 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Community Healthcare Trust by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,623 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 1,041 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Community Healthcare Trust by 3.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,739 shares of the real estate investment trust’s stock worth $649,000 after acquiring an additional 1,082 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

NYSE CHCT opened at $19.52 on Friday. The company has a market cap of $551.16 million, a PE ratio of -216.86, a P/E/G ratio of 1.27 and a beta of 0.68. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $28.10. The firm’s 50 day moving average price is $18.73 and its 200-day moving average price is $19.26.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). The company had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same quarter in the prior year, the business posted $0.63 earnings per share. On average, 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 company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 9.53%. 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 dividend payout ratio is presently -2,066.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CHCT shares. StockNews.com downgraded shares of Community Healthcare Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. Truist Financial lifted their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler increased their price target on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.25.

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.