Peregrine Capital Management LLC Reduces Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

Peregrine Capital Management LLC trimmed its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 3.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 229,451 shares of the real estate investment trust’s stock after selling 8,319 shares during the quarter. Peregrine Capital Management LLC’s holdings in Community Healthcare Trust were worth $4,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in Community Healthcare Trust by 11.2% during the third quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 840 shares during the period. SG Americas Securities LLC boosted its stake in Community Healthcare Trust by 6.8% during the third quarter. SG Americas Securities LLC now owns 9,770 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 618 shares during the period. Woodmont Investment Counsel LLC purchased a new position in Community Healthcare Trust during the third quarter worth $182,000. Point72 Asset Management L.P. purchased a new position in Community Healthcare Trust during the third quarter worth $198,000. Finally, Point72 DIFC Ltd purchased a new position in Community Healthcare Trust during the third quarter worth $201,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Community Healthcare Trust Trading Down 6.3 %

Shares of CHCT opened at $18.55 on Thursday. The firm has a market capitalization of $523.82 million, a P/E ratio of -206.10, a P/E/G ratio of 1.35 and a beta of 0.69. Community Healthcare Trust Incorporated has a 12-month low of $15.06 and a 12-month high of $27.94. The firm has a fifty day moving average price of $19.29 and a 200-day moving average price of $18.46.

Community Healthcare Trust (NYSE:CHCT) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $29.30 million during the quarter, compared to the consensus estimate of $29.85 million. Community Healthcare Trust had a negative return on equity of 0.09% and a negative net margin of 0.39%. Analysts predict that Community Healthcare Trust Incorporated will post 1.84 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $0.4675 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a dividend yield of 10.08%. The ex-dividend date is Monday, February 24th. Community Healthcare Trust’s payout ratio is presently -2,066.67%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial boosted their target price on shares of Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler boosted their target price on shares of Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Community Healthcare Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Community Healthcare Trust currently has a consensus rating of “Hold” and an average target price of $21.25.

Community Healthcare Trust 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.