Community Healthcare Trust Incorporated $CHCT Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its holdings in Community Healthcare Trust Incorporated by 70.0% in the 1st quarter, owning approximately $1,093,000 worth of stock.
• Community Healthcare Trust just increased its quarterly dividend to $0.4725 per share, representing a 12.5% dividend yield.
• The company reported a loss in its recent earnings, with $0.50 earnings per share, which missed the consensus estimate by $0.04.

AlphaQuest LLC increased its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 70.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,202 shares of the real estate investment trust's stock after acquiring an additional 24,795 shares during the period. AlphaQuest LLC owned about 0.21% of Community Healthcare Trust worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CHCT. Nuveen LLC purchased a new position in Community Healthcare Trust in the 1st quarter worth approximately $11,693,000. Focus Partners Wealth raised its holdings in Community Healthcare Trust by 285.4% in the 4th quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock worth $14,305,000 after acquiring an additional 551,445 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Community Healthcare Trust by 132.8% in the 4th quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock worth $12,875,000 after acquiring an additional 382,324 shares during the last quarter. Phocas Financial Corp. raised its holdings in Community Healthcare Trust by 101.5% in the 4th quarter. Phocas Financial Corp. now owns 409,632 shares of the real estate investment trust's stock worth $7,869,000 after acquiring an additional 206,374 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Community Healthcare Trust by 90.2% in the 4th quarter. Two Sigma Advisers LP now owns 224,200 shares of the real estate investment trust's stock worth $4,307,000 after acquiring an additional 106,301 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT traded down $0.04 during mid-day trading on Thursday, hitting $15.21. 188,399 shares of the company's stock traded hands, compared to its average volume of 241,774. Community Healthcare Trust Incorporated has a 1 year low of $14.20 and a 1 year high of $20.87. The company has a market capitalization of $431.51 million, a P/E ratio of -39.00 and a beta of 0.69. The company's 50-day moving average is $16.02 and its two-hundred day moving average is $16.86.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued 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 company had revenue of $30.13 million for the quarter, compared to analysts' expectations of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. Equities analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.4725 per share. 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 12.4%. The ex-dividend date was Friday, August 8th. Community Healthcare Trust's payout ratio is -484.62%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CHCT shares. Piper Sandler restated an "overweight" rating on shares of Community Healthcare Trust in a report on Monday, August 4th. Truist Financial decreased their target price on shares of 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. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $18.00.

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.