Davis Selected Advisers Boosts Stake in Community Healthcare Trust Incorporated (NYSE:CHCT)

Key Points

• Davis Selected Advisers increased its stake in Community Healthcare Trust by 39.9% in the first quarter, bringing its total ownership to 1.06% of the company, valued at approximately $5.48 million.
• Community Healthcare Trust reported a quarterly earnings miss with $0.50 EPS compared to analysts' estimates of $0.54, and had a negative net margin of 6.25%.
• The company announced an increase in its quarterly dividend to $0.4725 per share, yielding 12.3%, with the ex-dividend date on August 8th.

Davis Selected Advisers boosted its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 39.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,740 shares of the real estate investment trust's stock after buying an additional 86,110 shares during the quarter. Davis Selected Advisers owned approximately 1.06% of Community Healthcare Trust worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Community Healthcare Trust in the fourth quarter valued at $88,000. KLP Kapitalforvaltning AS purchased a new position in shares of Community Healthcare Trust in the fourth quarter valued at $108,000. GAMMA Investing LLC boosted 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 valued at $119,000 after buying an additional 6,335 shares during the period. Lazard Asset Management LLC bought a new stake in Community Healthcare Trust during the fourth quarter valued at $163,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 valued at $163,000 after buying an additional 3,009 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th.

Insider Transactions at Community Healthcare Trust

In other news, Director Horn R. Lawrence Van bought 11,815 shares of Community Healthcare Trust stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the acquisition, the director owned 88,502 shares of the company's stock, valued at approximately $1,448,777.74. The trade was a 15.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.

Community Healthcare Trust Price Performance

CHCT stock traded down $0.95 during mid-day trading on Friday, hitting $14.47. 470,488 shares of the stock were exchanged, compared to its average volume of 332,429. The business has a fifty day moving average price of $16.50 and a 200 day moving average price of $17.31. Community Healthcare Trust Incorporated has a 12 month low of $14.40 and a 12 month high of $20.87. The stock has a market capitalization of $410.51 million, a price-to-earnings ratio of -37.10 and a beta of 0.69.

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

Community Healthcare Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.4725 per share. The ex-dividend date is Friday, August 8th. This represents a $1.89 dividend on an annualized basis and a yield of 13.1%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is presently -482.05%.

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.