Northern Trust Corp Has $5.34 Million Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Northern Trust Corp lifted its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,088 shares of the real estate investment trust's stock after buying an additional 29,314 shares during the period. Northern Trust Corp owned about 0.98% of Community Healthcare Trust worth $5,342,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CHCT. Invesco Ltd. increased its stake in 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 worth $11,597,000 after purchasing an additional 558,384 shares in the last quarter. Kennedy Capital Management LLC raised its stake in Community Healthcare Trust by 23.3% in the fourth quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust's stock valued at $13,780,000 after buying an additional 135,462 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Community Healthcare Trust by 58.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust's stock valued at $6,926,000 after buying an additional 133,482 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Community Healthcare Trust by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 403,945 shares of the real estate investment trust's stock worth $7,760,000 after acquiring an additional 79,116 shares during the last quarter. Finally, LDR Capital Management LLC raised its stake in Community Healthcare Trust by 135.6% in the 4th quarter. LDR Capital Management LLC now owns 81,808 shares of the real estate investment trust's stock valued at $1,572,000 after acquiring an additional 47,088 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHCT. Wall Street Zen raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Piper Sandler dropped their price target on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.00.

Insider Activity at Community Healthcare Trust

In related news, Director Cathrine Cotman purchased 3,000 shares of the stock in a transaction dated Wednesday, April 30th. The stock was bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the completion of the acquisition, the director now owns 23,861 shares of the company's stock, valued at approximately $408,023.10. This represents a 14.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

Community Healthcare Trust Stock Performance

Shares of CHCT stock traded down $0.14 during trading on Monday, hitting $15.87. The company had a trading volume of 159,386 shares, compared to its average volume of 299,023. The stock's 50-day moving average price is $16.66 and its 200 day moving average price is $18.16. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62. The firm has a market capitalization of $449.72 million, a P/E ratio of -69.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $29.73 million during the quarter, compared to the consensus estimate of $29.71 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. On average, research analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current fiscal year.

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.47 per share. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a dividend yield of 11.85%. The ex-dividend date was Friday, May 9th. Community Healthcare Trust's dividend payout ratio is currently -606.45%.

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.