Community Healthcare Trust Incorporated (NYSE:CHCT) Shares Acquired 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 increased its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 235.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,314 shares of the real estate investment trust's stock after acquiring an additional 28,313 shares during the quarter. GSA Capital Partners LLP owned approximately 0.14% of Community Healthcare Trust worth $732,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Community Healthcare Trust during the fourth quarter valued at $108,000. JPMorgan Chase & Co. grew its holdings in shares of Community Healthcare Trust by 24.4% during the fourth quarter. JPMorgan Chase & Co. now owns 403,945 shares of the real estate investment trust's stock valued at $7,760,000 after buying an additional 79,116 shares in the last quarter. Norges Bank purchased a new position in Community Healthcare Trust in the fourth quarter valued at about $678,000. Geode Capital Management LLC grew its stake in Community Healthcare Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 678,505 shares of the real estate investment trust's stock valued at $13,037,000 after purchasing an additional 3,988 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Community Healthcare Trust in the fourth quarter valued at about $186,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Community Healthcare Trust

In related news, Director Horn R. Lawrence Van purchased 11,815 shares of Community Healthcare Trust stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is owned by corporate insiders.

Community Healthcare Trust Price Performance

Shares of NYSE CHCT opened at $15.34 on Friday. The business's 50-day moving average price is $16.60 and its two-hundred day moving average price is $17.46. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $20.87. The company has a market capitalization of $435.20 million, a P/E ratio of -39.33 and a beta of 0.69.

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

Community Healthcare Trust Increases Dividend

The business 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 $0.4725 dividend. This is an increase 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 12.3%. The ex-dividend date of this dividend is Friday, August 8th. Community Healthcare Trust's payout ratio is presently -482.05%.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd.

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.

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