Kennedy Capital Management LLC Purchases 213,349 Shares of Community Healthcare Trust Incorporated $CHCT

Kennedy Capital Management LLC boosted its stake in Community Healthcare Trust Incorporated (NYSE:CHCT) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,019,810 shares of the real estate investment trust’s stock after purchasing an additional 213,349 shares during the period. Kennedy Capital Management LLC’s holdings in Community Healthcare Trust were worth $16,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHCT. Vanguard Group Inc. increased its stake in shares of 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 valued at $42,906,000 after buying an additional 67,241 shares during the period. Systematic Financial Management LP increased its stake in shares of Community Healthcare Trust by 3.6% in the fourth 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 buying an additional 38,532 shares during the period. Invesco Ltd. increased its stake in shares of Community Healthcare Trust by 38.9% in the third quarter. Invesco Ltd. now owns 1,060,213 shares of the real estate investment trust’s stock valued at $16,221,000 after buying an additional 297,179 shares during the period. Focus Partners Wealth increased its stake in shares of Community Healthcare Trust by 0.7% in the third quarter. Focus Partners Wealth now owns 743,324 shares of the real estate investment trust’s stock valued at $11,373,000 after buying an additional 5,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Community Healthcare Trust by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 741,982 shares of the real estate investment trust’s stock valued at $12,186,000 after buying an additional 14,044 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock opened at $17.93 on Friday. The stock’s 50-day moving average is $17.26 and its 200 day moving average is $16.76. The firm has a market cap of $512.32 million, a price-to-earnings ratio of 163.03 and a beta of 0.73. Community Healthcare Trust Incorporated has a one year low of $13.23 and a one year high of $18.29.

Community Healthcare Trust (NYSE:CHCT) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $31.03 million. Community Healthcare Trust had a return on equity of 1.41% and a net margin of 4.94%. On average, sell-side analysts expect that Community Healthcare Trust Incorporated will post 1.86 EPS for the current fiscal 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 issued a $0.48 dividend. This is a boost from Community Healthcare Trust’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Monday, May 11th. Community Healthcare Trust’s dividend payout ratio is 1,745.45%.

Analyst Ratings Changes

CHCT has been the subject of several recent research reports. Truist Financial increased their price target on Community Healthcare Trust from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler increased their price target on Community Healthcare Trust from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Community Healthcare Trust in a research note on Monday, May 18th. Wall Street Zen cut Community Healthcare Trust from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut Community Healthcare Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.33.

Community Healthcare Trust 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.