LDR Capital Management LLC Raises Holdings in Community Healthcare Trust Incorporated (NYSE:CHCT)

LDR Capital Management LLC grew its position in Community Healthcare Trust Incorporated (NYSE:CHCT) by 135.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 81,808 shares of the real estate investment trust’s stock after purchasing an additional 47,088 shares during the quarter. Community Healthcare Trust makes up 2.1% of LDR Capital Management LLC’s portfolio, making the stock its 21st biggest position. LDR Capital Management LLC’s holdings in Community Healthcare Trust were worth $1,572,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its position in shares of Community Healthcare Trust by 11.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,323 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 840 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $182,000. Point72 Asset Management L.P. acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $198,000. Point72 DIFC Ltd acquired a new position in Community Healthcare Trust during the 3rd quarter valued at about $201,000. Finally, SG Americas Securities LLC increased its position in Community Healthcare Trust by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 1,021 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHCT has been the topic of several recent analyst reports. StockNews.com raised Community Healthcare Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Piper Sandler increased their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Truist Financial increased their price objective on Community Healthcare Trust from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Community Healthcare Trust currently has an average rating of “Hold” and an average price target of $21.25.

Community Healthcare Trust Stock Performance

Shares of CHCT stock opened at $18.81 on Friday. Community Healthcare Trust Incorporated has a fifty-two week low of $15.06 and a fifty-two week high of $27.73. The firm has a market capitalization of $533.08 million, a PE ratio of -81.78, a P/E/G ratio of 1.26 and a beta of 0.69. The stock’s 50-day simple moving average is $19.32 and its 200-day simple moving average is $18.46.

Community Healthcare Trust (NYSE:CHCT) last issued 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 firm had revenue of $29.30 million for the quarter, compared to the consensus estimate of $29.85 million. Sell-side analysts forecast that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $0.4675 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, February 24th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 9.94%. Community Healthcare Trust’s dividend payout ratio is presently -808.70%.

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.