Community Healthcare Trust Incorporated (NYSE:CHCT) Holdings Decreased by Graham Capital Wealth Management LLC

Key Points

• Graham Capital Wealth Management LLC has reduced its stake in Community Healthcare Trust Incorporated by 20.3%, selling 38,973 shares in the 1st quarter, leaving it with approximately 153,260 shares.
• The average target price for Community Healthcare Trust shares has been lowered from $19.00 to $18.00 by Piper Sandler, which now holds a "neutral" rating on the stock.
• Community Healthcare Trust recently declared a quarterly dividend increase to $0.4725 per share, reflecting a yield of 11.42% based on an annual payout.

Graham Capital Wealth Management LLC cut its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 20.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,260 shares of the real estate investment trust's stock after selling 38,973 shares during the quarter. Community Healthcare Trust accounts for approximately 3.2% of Graham Capital Wealth Management LLC's investment portfolio, making the stock its 10th largest position. Graham Capital Wealth Management LLC owned 0.54% of Community Healthcare Trust worth $2,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of Community Healthcare Trust by 1,232.9% during the fourth quarter. Invesco Ltd. now owns 603,674 shares of the real estate investment trust's stock worth $11,597,000 after purchasing an additional 558,384 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Community Healthcare Trust by 285.4% during the fourth quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock worth $14,305,000 after purchasing an additional 551,445 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Community Healthcare Trust by 132.8% in the fourth quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock valued at $12,875,000 after acquiring an additional 382,324 shares in the last quarter. Phocas Financial Corp. raised its holdings in shares of Community Healthcare Trust by 101.5% in the fourth quarter. Phocas Financial Corp. now owns 409,632 shares of the real estate investment trust's stock valued at $7,869,000 after acquiring an additional 206,374 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of 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 acquiring an additional 135,462 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Community Healthcare Trust

In related news, Director Horn R. Lawrence Van bought 11,815 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were bought at an average price of $16.37 per share, for a total transaction of $193,411.55. Following the completion of the purchase, the director directly owned 88,502 shares of the company's stock, valued at approximately $1,448,777.74. This trade represents a 15.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by company insiders.

Community Healthcare Trust Stock Performance

CHCT traded down $0.31 on Thursday, hitting $15.45. The company had a trading volume of 230,139 shares, compared to its average volume of 235,611. The stock has a fifty day moving average price of $16.62 and a 200-day moving average price of $17.52. Community Healthcare Trust Incorporated has a 12-month low of $14.76 and a 12-month high of $25.00. The stock has a market capitalization of $437.71 million, a price-to-earnings ratio of -39.60 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share (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 1.57%. The company had revenue of $30.13 million during the quarter, compared to analysts' expectations of $30.22 million. Analysts forecast that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.4725 dividend. This represents a $1.89 annualized dividend and a yield of 12.24%. The ex-dividend date is Friday, August 8th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is -606.45%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.00.

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.