Community Healthcare Trust Incorporated (NYSE:CHCT) Stock Position Lifted by Systematic Financial Management LP

Systematic Financial Management LP boosted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 25.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 936,753 shares of the real estate investment trust’s stock after purchasing an additional 187,510 shares during the period. Systematic Financial Management LP’s holdings in Community Healthcare Trust were worth $17,002,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its position in Community Healthcare Trust by 11.2% in the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares in the last quarter. SG Americas Securities LLC grew its position in 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 acquiring an additional 3,630 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in Community Healthcare Trust in the third quarter worth approximately $182,000. B. Riley Wealth Advisors Inc. bought a new stake in Community Healthcare Trust in the second quarter worth approximately $243,000. Finally, American Century Companies Inc. grew its position in Community Healthcare Trust by 5.5% in the second quarter. American Century Companies Inc. now owns 10,625 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 552 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Evercore ISI raised shares of Community Healthcare Trust from an “underperform” rating to an “inline” rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Monday, September 16th. Piper Sandler upped their price objective on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Community Healthcare Trust currently has an average rating of “Hold” and an average target price of $21.00.

Community Healthcare Trust Stock Performance

NYSE CHCT opened at $18.77 on Thursday. The company’s fifty day moving average is $18.03 and its two-hundred day moving average is $20.24. Community Healthcare Trust Incorporated has a 52-week low of $15.06 and a 52-week high of $29.16.

Community Healthcare Trust (NYSE:CHCT) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). The company had revenue of $29.64 million during the quarter, compared to analyst estimates of $29.06 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. During the same quarter in the prior year, the business earned $0.63 earnings per share. Research analysts predict 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. Stockholders of record on Friday, November 8th were issued a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 9.91%. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, November 8th. Community Healthcare Trust’s dividend payout ratio (DPR) is presently -2,066.67%.

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.