Invesco Ltd. Raises Stock Holdings in Community Healthcare Trust Incorporated $CHCT

Key Points

• Invesco Ltd. increased its stake in Community Healthcare Trust Incorporated by 12.2%, owning approximately $12.30 million worth of shares after acquiring an additional 73,762 shares in the first quarter.
• Community Healthcare Trust's dividend was recently increased to $0.4725 per share, yielding around 12.5%, up from its previous quarterly dividend of $0.47.
• Analysts have a consensus Buy rating for the stock with an average price target of $18.00, despite the company missing earnings and revenue estimates in its last quarterly report.

Invesco Ltd. boosted its holdings in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 12.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 677,436 shares of the real estate investment trust's stock after purchasing an additional 73,762 shares during the quarter. Invesco Ltd. owned about 2.39% of Community Healthcare Trust worth $12,302,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new position in Community Healthcare Trust during the 4th quarter valued at approximately $88,000. GAMMA Investing LLC increased its holdings in shares of Community Healthcare Trust by 2,866.5% during the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock valued at $119,000 after acquiring an additional 6,335 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Community Healthcare Trust in the 4th quarter worth about $163,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 worth $163,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in Community Healthcare Trust during the 1st quarter valued at about $200,000. 87.84% of the stock is owned by institutional investors.

Community Healthcare Trust Stock Down 1.5%

Shares of Community Healthcare Trust stock traded down $0.23 during trading hours on Thursday, reaching $15.02. 89,163 shares of the stock traded hands, compared to its average volume of 241,538. Community Healthcare Trust Incorporated has a one year low of $14.20 and a one year high of $20.87. The firm has a market capitalization of $426.15 million, a price-to-earnings ratio of -38.52 and a beta of 0.69. The company has a 50 day moving average price of $16.02 and a 200 day moving average price of $16.86.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.04). The business had revenue of $30.13 million during the quarter, compared to the consensus estimate of $30.22 million. Community Healthcare Trust had a negative return on equity of 1.59% and a negative net margin of 6.25%. Sell-side analysts anticipate that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.4725 per share. 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. This represents a $1.89 annualized dividend and a dividend yield of 12.6%. Community Healthcare Trust's payout ratio is currently -484.62%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CHCT shares. Truist Financial dropped their target price on shares of 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. Piper Sandler reaffirmed an "overweight" rating on shares of Community Healthcare Trust in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $18.00.

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.