LDR Capital Management LLC Acquires Shares of 34,720 Community Healthcare Trust Incorporated (NYSE:CHCT)

LDR Capital Management LLC acquired a new stake in Community Healthcare Trust Incorporated (NYSE:CHCT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 34,720 shares of the real estate investment trust’s stock, valued at approximately $630,000. Community Healthcare Trust comprises approximately 0.7% of LDR Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. LDR Capital Management LLC owned 0.13% of Community Healthcare Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Community Healthcare Trust in the first quarter worth $34,000. PNC Financial Services Group Inc. lifted its holdings in Community Healthcare Trust by 67.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,062 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 3,260 shares during the period. Hancock Whitney Corp bought a new position in Community Healthcare Trust in the first quarter valued at about $217,000. SG Americas Securities LLC raised its stake in shares of Community Healthcare Trust by 65.7% in the second 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 during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Community Healthcare Trust in the second quarter worth about $243,000. Institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Trading Down 1.8 %

NYSE CHCT opened at $17.43 on Tuesday. The stock has a market capitalization of $482.83 million, a price-to-earnings ratio of 27.23, a PEG ratio of 1.13 and a beta of 0.69. Community Healthcare Trust Incorporated has a twelve month low of $15.06 and a twelve month high of $29.16. The stock has a 50-day moving average of $17.60 and a 200 day moving average of $21.75.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.42. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.61%. Community Healthcare Trust’s payout ratio is presently 289.06%.

Insider Activity

In related news, Director Robert Z. Hensley bought 6,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $19.50 per share, with a total value of $126,750.00. Following the purchase, the director now directly owns 70,670 shares of the company’s stock, valued at $1,378,065. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Community Healthcare Trust news, Director Robert Z. Hensley bought 6,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $19.50 per share, for a total transaction of $126,750.00. Following the transaction, the director now owns 70,670 shares of the company’s stock, valued at approximately $1,378,065. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David H. Dupuy purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $19.48 per share, for a total transaction of $194,800.00. Following the acquisition, the chief executive officer now owns 363,565 shares in the company, valued at approximately $7,082,246.20. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHCT. Piper Sandler decreased their price objective on Community Healthcare Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Robert W. Baird dropped their price objective on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Evercore ISI upgraded Community Healthcare Trust from an “underperform” rating to an “inline” rating and dropped their price objective for the company from $21.00 to $18.00 in a report on Monday, September 16th. StockNews.com cut Community Healthcare Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, Truist Financial decreased their target price on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.75.

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.