Kennedy Capital Management LLC Trims Holdings in Community Healthcare Trust Incorporated $CHCT

Kennedy Capital Management LLC trimmed its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 11.3% during the second quarter, Holdings Channel reports. The firm owned 485,915 shares of the real estate investment trust’s stock after selling 62,168 shares during the quarter. Kennedy Capital Management LLC’s holdings in Community Healthcare Trust were worth $8,081,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CHCT. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Community Healthcare Trust by 50.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 3,009 shares during the period. Vanguard Group Inc. grew its position in Community Healthcare Trust by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,745,155 shares of the real estate investment trust’s stock valued at $49,852,000 after acquiring an additional 19,081 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Community Healthcare Trust by 16.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,391 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 2,624 shares in the last quarter. Davis Selected Advisers increased its stake in Community Healthcare Trust by 39.9% during the first quarter. Davis Selected Advisers now owns 301,740 shares of the real estate investment trust’s stock worth $5,480,000 after purchasing an additional 86,110 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Community Healthcare Trust by 12.2% during the first quarter. Invesco Ltd. now owns 677,436 shares of the real estate investment trust’s stock worth $12,302,000 after purchasing an additional 73,762 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Community Healthcare Trust Stock Down 3.5%

Shares of NYSE:CHCT opened at $15.21 on Friday. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $20.87. The firm’s 50 day moving average price is $14.68 and its 200 day moving average price is $15.54. The stock has a market cap of $432.89 million, a price-to-earnings ratio of -38.01 and a beta of 0.77.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Community Healthcare Trust had a negative net margin of 6.27% and a negative return on equity of 1.66%. The company had revenue of $31.09 million for the quarter, compared to the consensus estimate of $30.58 million. On average, equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a $0.475 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.47. This represents a $1.90 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date was Friday, November 7th. Community Healthcare Trust’s payout ratio is -475.00%.

Insider Transactions at Community Healthcare Trust

In other Community Healthcare Trust news, Director Cathrine Cotman acquired 4,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of $14.66 per share, with a total value of $58,640.00. Following the transaction, the director owned 37,635 shares in the company, valued at $551,729.10. The trade was a 11.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHCT. Truist Financial dropped their price objective on shares of Community Healthcare Trust from $23.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Zacks Research raised shares of Community Healthcare Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Community Healthcare Trust in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Community Healthcare Trust presently has a consensus rating of “Hold” and a consensus price target of $18.00.

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.