Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 86.7% in the 4th quarter, Holdings Channel reports. The fund owned 35,407 shares of the real estate investment trust’s stock after purchasing an additional 16,446 shares during the period. AlphaQuest LLC’s holdings in Community Healthcare Trust were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CHCT. Daiwa Securities Group Inc. boosted its stake in shares of 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 valued at $151,000 after purchasing an additional 840 shares during the period. Point72 Asset Management L.P. acquired a new position in Community Healthcare Trust in the 3rd quarter worth $198,000. Point72 DIFC Ltd purchased a new position in Community Healthcare Trust in the 3rd quarter valued at about $201,000. SG Americas Securities LLC grew its stake in shares of Community Healthcare Trust by 10.5% during the fourth quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 1,021 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Community Healthcare Trust by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,934 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 1,828 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Community Healthcare Trust Stock Performance

Shares of CHCT stock opened at $18.36 on Wednesday. The stock has a market capitalization of $520.42 million, a price-to-earnings ratio of -79.84, a PEG ratio of 1.28 and a beta of 0.75. Community Healthcare Trust Incorporated has a one year low of $15.06 and a one year high of $27.62. The company’s 50-day simple moving average is $19.34 and its 200-day simple moving average is $18.44.

Community Healthcare Trust (NYSE:CHCT) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. The company had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. As a group, research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date was Monday, February 24th. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. Community Healthcare Trust’s payout ratio is currently -813.04%.

Wall Street Analysts Forecast Growth

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

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.