Deprince Race & Zollo Inc. Sells 100,458 Shares of Community Healthcare Trust Incorporated $CHCT

Deprince Race & Zollo Inc. lowered its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT) by 20.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 388,614 shares of the real estate investment trust’s stock after selling 100,458 shares during the period. Deprince Race & Zollo Inc.’s holdings in Community Healthcare Trust were worth $6,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHCT. Vanguard Group Inc. lifted its stake in Community Healthcare Trust by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,804,298 shares of the real estate investment trust’s stock worth $42,906,000 after acquiring an additional 67,241 shares during the period. Systematic Financial Management LP increased its position in Community Healthcare Trust by 3.6% during the 4th quarter. Systematic Financial Management LP now owns 1,123,736 shares of the real estate investment trust’s stock valued at $18,452,000 after purchasing an additional 38,532 shares during the period. Invesco Ltd. raised its holdings in shares of Community Healthcare Trust by 38.9% in the 3rd quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after purchasing an additional 297,179 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Community Healthcare Trust by 26.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,019,810 shares of the real estate investment trust’s stock valued at $16,745,000 after purchasing an additional 213,349 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Community Healthcare Trust by 0.7% in the 3rd quarter. Focus Partners Wealth now owns 743,324 shares of the real estate investment trust’s stock valued at $11,373,000 after purchasing an additional 5,000 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial lifted their price objective on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings raised Community Healthcare Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Community Healthcare Trust presently has an average rating of “Hold” and an average target price of $18.33.

Community Healthcare Trust Stock Performance

CHCT opened at $18.32 on Friday. Community Healthcare Trust Incorporated has a fifty-two week low of $13.23 and a fifty-two week high of $18.67. The company has a fifty day moving average of $17.54 and a two-hundred day moving average of $17.02. The stock has a market capitalization of $523.37 million, a price-to-earnings ratio of 166.55 and a beta of 0.71.

Community Healthcare Trust (NYSE:CHCT) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $31.03 million. Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%. On average, equities research analysts forecast that Community Healthcare Trust Incorporated will post 1.86 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.5%. This is a positive change from Community Healthcare Trust’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, May 11th. Community Healthcare Trust’s dividend payout ratio (DPR) is 1,745.45%.

Community Healthcare Trust Company Profile

Community Healthcare Trust Incorporated (NYSE:CHCT) is a real estate investment trust that specializes in owning and leasing healthcare-related properties. The company’s portfolio is focused primarily on senior housing and care facilities, including skilled nursing centers, assisted living communities, memory care units, independent living apartments and continuing care retirement communities. Through long‐term, triple‐net leases, Community Healthcare Trust seeks stable, predictable cash flows by partnering with experienced operators that manage day-to-day resident care and property operations.

As of the latest reporting, Community Healthcare Trust’s holdings span multiple regions across the United States, with properties located in both urban and suburban markets.