Community Healthcare Trust Incorporated (NYSE:CHCT) Position Decreased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 26.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,600 shares of the real estate investment trust’s stock after selling 19,106 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.19% of Community Healthcare Trust worth $1,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHCT. Jane Street Group LLC boosted its holdings in shares of Community Healthcare Trust by 1,395.6% in the third quarter. Jane Street Group LLC now owns 492,063 shares of the real estate investment trust’s stock worth $8,931,000 after buying an additional 459,163 shares during the period. Phocas Financial Corp. acquired a new position in shares of Community Healthcare Trust in the third quarter worth about $3,689,000. Systematic Financial Management LP boosted its holdings in shares of Community Healthcare Trust by 25.0% in the third quarter. Systematic Financial Management LP now owns 936,753 shares of the real estate investment trust’s stock worth $17,002,000 after buying an additional 187,510 shares during the period. Graham Capital Wealth Management LLC acquired a new position in shares of Community Healthcare Trust in the third quarter worth about $2,650,000. Finally, Algert Global LLC boosted its holdings in shares of Community Healthcare Trust by 534.3% in the third quarter. Algert Global LLC now owns 113,440 shares of the real estate investment trust’s stock worth $2,059,000 after buying an additional 95,557 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHCT. Truist Financial raised their target price on shares of 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. Finally, Piper Sandler raised their price target 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Stock Performance

CHCT stock opened at $18.55 on Thursday. The stock has a market cap 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. The firm has a 50 day simple moving average of $19.29 and a 200 day simple moving average of $18.46. Community Healthcare Trust Incorporated has a 52 week low of $15.06 and a 52 week high of $27.94.

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 for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $29.30 million for the quarter, compared to analyst estimates of $29.85 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. Sell-side 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 will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.47. 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.