Deutsche Bank AG Reduces Stock Holdings in Community Healthcare Trust Incorporated $CHCT

Key Points

• Deutsche Bank AG significantly reduced its stake in Community Healthcare Trust by selling 175,783 shares, leaving it with approximately 26,634 shares, equating to about 0.09% ownership valued at $484,000.
• Institutional investors hold 87.84% of Community Healthcare Trust, with notable increases from other hedge funds such as Vanguard Group and GSA Capital Partners.
• Community Healthcare Trust recently announced a quarterly dividend increase to $0.4725 per share, reflecting a yield of 12.4%, despite a negative dividend payout ratio.

Deutsche Bank AG lessened its holdings in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 86.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,634 shares of the real estate investment trust's stock after selling 175,783 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Community Healthcare Trust worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Community Healthcare Trust during the fourth quarter valued at approximately $88,000. GAMMA Investing LLC grew its stake in Community Healthcare Trust by 2,866.5% in the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 6,335 shares during the period. Lazard Asset Management LLC purchased a new stake in Community Healthcare Trust in the fourth quarter worth $163,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Community Healthcare Trust by 50.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,002 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 3,009 shares during the period. Finally, Cerity Partners LLC purchased a new stake in Community Healthcare Trust in the first quarter worth $200,000. Institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHCT. Piper Sandler reaffirmed an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Truist Financial cut their target price on Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.00.

Community Healthcare Trust Price Performance

Shares of Community Healthcare Trust stock traded down $0.24 during trading on Tuesday, hitting $15.18. 286,509 shares of the company's stock traded hands, compared to its average volume of 259,295. Community Healthcare Trust Incorporated has a 1 year low of $14.20 and a 1 year high of $20.87. The stock has a market capitalization of $430.47 million, a P/E ratio of -38.91 and a beta of 0.69. The business has a 50-day simple moving average of $15.90 and a 200-day simple moving average of $16.71.

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 net margin of 6.25% and a negative return on equity of 1.59%. The business had revenue of $30.13 million for the quarter, compared to analysts' expectations of $30.22 million. On average, equities analysts predict 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, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a dividend yield of 12.5%. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, August 8th. Community Healthcare Trust's payout ratio is -484.62%.

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.