Algert Global LLC Sells 29,940 Shares of Community Healthcare Trust Incorporated $CHCT

Key Points

• Algert Global LLC reduced its holdings in Community Healthcare Trust by 14.5%, now owning 176,577 shares valued at approximately $3.2 million as of the latest report.
• Community Healthcare Trust announced a quarterly dividend increase to $0.4725, yielding 12.7%, with a significant payout ratio of -484.62%.
• Analyst ratings for Community Healthcare Trust include a target price decrease from $23 to $19 while maintaining a "buy" rating, reflecting a consensus target price of $18.00.

Algert Global LLC reduced its position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 14.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 176,577 shares of the real estate investment trust's stock after selling 29,940 shares during the quarter. Algert Global LLC owned about 0.62% of Community Healthcare Trust worth $3,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Community Healthcare Trust during the 1st quarter valued at approximately $241,000. GSA Capital Partners LLP boosted its position in shares of Community Healthcare Trust by 235.9% during the 1st quarter. GSA Capital Partners LLP now owns 40,314 shares of the real estate investment trust's stock valued at $732,000 after acquiring an additional 28,313 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Community Healthcare Trust by 15.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 21,506 shares of the real estate investment trust's stock valued at $413,000 after acquiring an additional 2,883 shares during the last quarter. Invesco Ltd. boosted its position in shares of Community Healthcare Trust by 1,232.9% during the 4th quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock valued at $11,597,000 after acquiring an additional 558,384 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Community Healthcare Trust by 132.8% during the 4th quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock valued at $12,875,000 after acquiring an additional 382,324 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CHCT shares. Piper Sandler reiterated an "overweight" rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Truist Financial dropped their target price on Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $18.00.

Insider Activity at Community Healthcare Trust

In related news, Director Horn R. Lawrence Van bought 11,815 shares of Community Healthcare Trust stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $16.37 per share, with a total value of $193,411.55. Following the completion of the transaction, the director owned 88,502 shares in the company, valued at $1,448,777.74. The trade was a 15.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.10% of the company's stock.

Community Healthcare Trust Price Performance

Shares of CHCT traded up $0.32 during mid-day trading on Friday, reaching $15.10. 227,535 shares of the company's stock traded hands, compared to its average volume of 351,009. The stock has a market cap of $428.39 million, a P/E ratio of -38.72 and a beta of 0.69. The stock's 50-day moving average is $16.11 and its two-hundred day moving average is $16.96. Community Healthcare Trust Incorporated has a 12 month low of $14.20 and a 12 month high of $20.87.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results 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). The business had revenue of $30.13 million for the quarter, compared to the consensus estimate of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. Research analysts predict 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 Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a dividend yield of 12.5%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, August 8th. Community Healthcare Trust's dividend payout ratio is -484.62%.

Community Healthcare Trust Company 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.