Acadian Asset Management LLC Sells 24,941 Shares of Community Healthcare Trust Incorporated $CHCT

Key Points

• Acadian Asset Management LLC reduced its stake in Community Healthcare Trust by 7.9%, owning 289,631 shares after selling 24,941 shares in Q1.
• Community Healthcare Trust increased its quarterly dividend to $0.4725, yielding 12.0% annually, up from the previous $0.47.
• Stock performance shows Community Healthcare Trust has a market cap of $445.27 million and a consensus price target of $18.00 from analysts, indicating a Moderate Buy rating.

Acadian Asset Management LLC decreased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 289,631 shares of the real estate investment trust's stock after selling 24,941 shares during the period. Acadian Asset Management LLC owned 1.02% of Community Healthcare Trust worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in Community Healthcare Trust during the first quarter worth approximately $38,000. GAMMA Investing LLC grew its stake in Community Healthcare Trust by 2,866.5% during the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 6,335 shares during the period. Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust during the fourth quarter worth approximately $163,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Community Healthcare Trust by 50.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 3,009 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its stake in Community Healthcare Trust by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 10,898 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 822 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Community Healthcare Trust Stock Performance

Community Healthcare Trust stock traded up $0.22 during mid-day trading on Thursday, reaching $15.45. The stock had a trading volume of 164,926 shares, compared to its average volume of 161,077. Community Healthcare Trust Incorporated has a fifty-two week low of $14.20 and a fifty-two week high of $20.87. The stock's 50-day simple moving average is $15.56 and its 200-day simple moving average is $16.45. The firm has a market capitalization of $438.17 million, a PE ratio of -39.60 and a beta of 0.69.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.04). Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. The firm had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.22 million. On average, research analysts forecast that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.4725 dividend. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.89 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date was Friday, August 8th. Community Healthcare Trust's dividend payout ratio is -484.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on CHCT. Truist Financial decreased their target price on Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Zacks Research raised Community Healthcare Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.