Deutsche Bank AG Has $3.89 Million Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

Deutsche Bank AG raised its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 15.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 202,417 shares of the real estate investment trust's stock after buying an additional 27,405 shares during the quarter. Deutsche Bank AG owned approximately 0.72% of Community Healthcare Trust worth $3,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CHCT. Invesco Ltd. lifted its stake in Community Healthcare Trust by 1,232.9% in the fourth quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock valued at $11,597,000 after buying an additional 558,384 shares during the last quarter. Kennedy Capital Management LLC lifted 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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. Algert Global LLC lifted its stake in Community Healthcare Trust by 82.0% in the fourth quarter. Algert Global LLC now owns 206,517 shares of the real estate investment trust's stock valued at $3,967,000 after buying an additional 93,077 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Community Healthcare Trust by 24.4% in 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 during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Piper Sandler lowered their price target on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.00.

Insider Buying and Selling

In other news, Director Cathrine Cotman bought 3,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average cost of $17.10 per share, with a total value of $51,300.00. Following the completion of the acquisition, the director now directly owns 23,861 shares in the company, valued at approximately $408,023.10. The trade was a 14.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by corporate insiders.

Community Healthcare Trust Price Performance

Shares of CHCT traded down $0.14 during trading hours on Friday, reaching $15.87. 159,386 shares of the company's stock traded hands, compared to its average volume of 299,023. The firm has a market capitalization of $449.72 million, a price-to-earnings ratio of -69.00, a P/E/G ratio of 1.28 and a beta of 0.74. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62. The business's fifty day simple moving average is $16.72 and its two-hundred day simple moving average is $18.18.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued 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 company had revenue of $29.73 million for the quarter, compared to analyst estimates 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, equities research analysts expect that Community Healthcare Trust Incorporated will post 1.85 EPS for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.47 per share. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 dividend on an annualized basis and a yield of 11.85%. The ex-dividend date of this dividend was Friday, May 9th. Community Healthcare Trust's payout ratio is presently -606.45%.

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.