Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP significantly increased its stake in Community Healthcare Trust by 235.9%, owning approximately 0.14% of the company valued at $732,000 after acquiring additional shares in the first quarter.
• Community Healthcare Trust has recently increased its quarterly dividend to $0.4725 per share, resulting in a dividend yield of 12.3%, despite negative financial metrics including a P/E ratio of -39.33.
• Director Horn R. Lawrence Van purchased 11,815 shares at an average price of $16.37, increasing their ownership by 15.41%, demonstrating confidence in the company's future performance.

GSA Capital Partners LLP raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 235.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,314 shares of the real estate investment trust's stock after purchasing an additional 28,313 shares during the period. GSA Capital Partners LLP owned about 0.14% of Community Healthcare Trust worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Community Healthcare Trust during the 4th quarter worth about $88,000. KLP Kapitalforvaltning AS purchased a new position in Community Healthcare Trust during the 4th quarter worth approximately $108,000. GAMMA Investing LLC grew its stake in shares of Community Healthcare Trust by 2,866.5% in the 1st quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 6,335 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Community Healthcare Trust in the 4th quarter valued at approximately $163,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Community Healthcare Trust by 50.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 3,009 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Insider Transactions at Community Healthcare Trust

In related news, Director Horn R. Lawrence Van bought 11,815 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $16.37 per share, with a total value of $193,411.55. Following the completion of the transaction, the director directly owned 88,502 shares of the company's stock, valued at approximately $1,448,777.74. This represents a 15.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed an "overweight" rating on shares of Community Healthcare Trust in a report on Monday.

Community Healthcare Trust Trading Up 0.2%

Shares of NYSE CHCT traded up $0.03 during trading on Wednesday, reaching $15.50. The company had a trading volume of 331,421 shares, compared to its average volume of 237,712. The stock has a market capitalization of $439.74 million, a PE ratio of -40.01 and a beta of 0.69. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $20.87. The stock has a 50-day moving average price of $16.57 and a two-hundred day moving average price of $17.40.

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). The business had revenue of $30.13 million during the quarter, compared to analysts' expectations of $30.22 million. Community Healthcare Trust had a negative net margin of 6.25% and a negative return on equity of 1.59%. On average, sell-side analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders 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 yield of 12.2%. 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 (DPR) is presently -482.05%.

About Community Healthcare Trust

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.