Capital Square LLC Acquires 7,694 Shares of Community Healthcare Trust Incorporated (NYSE:CHCT)

Capital Square LLC grew its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 48.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,447 shares of the real estate investment trust’s stock after purchasing an additional 7,694 shares during the quarter. Capital Square LLC’s holdings in Community Healthcare Trust were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Graham Capital Wealth Management LLC boosted its position in Community Healthcare Trust by 31.7% in the 4th quarter. Graham Capital Wealth Management LLC now owns 192,233 shares of the real estate investment trust’s stock valued at $3,693,000 after buying an additional 46,217 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Community Healthcare Trust by 58.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust’s stock valued at $6,926,000 after acquiring an additional 133,482 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Community Healthcare Trust by 6.9% in the fourth quarter. Sei Investments Co. now owns 232,819 shares of the real estate investment trust’s stock valued at $4,472,000 after purchasing an additional 14,972 shares during the period. New York State Common Retirement Fund grew its stake in Community Healthcare Trust by 17.3% in the fourth quarter. New York State Common Retirement Fund now owns 220,024 shares of the real estate investment trust’s stock worth $4,227,000 after purchasing an additional 32,469 shares in the last quarter. Finally, Barclays PLC increased its holdings in Community Healthcare Trust by 159.1% during the 3rd quarter. Barclays PLC now owns 42,054 shares of the real estate investment trust’s stock worth $762,000 after purchasing an additional 25,826 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHCT shares. Truist Financial upped their target price on Community Healthcare Trust from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 8th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust Price Performance

CHCT opened at $15.81 on Thursday. The firm has a market capitalization of $448.04 million, a PE ratio of -68.74, a price-to-earnings-growth ratio of 1.28 and a beta of 0.65. The business’s 50-day moving average is $18.08 and its two-hundred day moving average is $18.40. Community Healthcare Trust Incorporated has a 1 year low of $14.76 and a 1 year high of $27.62.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings data 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 firm had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $0.4675 per share. The ex-dividend date was Monday, February 24th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 dividend on an annualized basis and a dividend yield of 11.83%. Community Healthcare Trust’s dividend payout ratio is presently -813.04%.

About Community Healthcare Trust

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.