Janus Henderson Group PLC lessened its stake in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 96.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,114 shares of the real estate investment trust's stock after selling 249,386 shares during the period. Janus Henderson Group PLC's holdings in Community Healthcare Trust were worth $194,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Community Healthcare Trust by 136.1% in the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 905 shares in the last quarter. Quarry LP acquired a new stake in Community Healthcare Trust in the fourth quarter valued at about $88,000. KLP Kapitalforvaltning AS purchased a new stake in Community Healthcare Trust in the 4th quarter valued at approximately $108,000. Resona Asset Management Co. Ltd. acquired a new position in Community Healthcare Trust during the 4th quarter worth approximately $186,000. Finally, SG Americas Securities LLC increased its position in Community Healthcare Trust by 10.5% during the 4th quarter. SG Americas Securities LLC now owns 10,791 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 1,021 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.
Community Healthcare Trust Stock Up 1.1%
Shares of CHCT traded up $0.19 during trading hours on Friday, reaching $16.60. 15,871 shares of the company traded hands, compared to its average volume of 297,022. The stock has a market capitalization of $470.27 million, a PE ratio of -72.02, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The stock has a fifty day simple moving average of $16.55 and a 200 day simple moving average of $18.12. Community Healthcare Trust Incorporated has a fifty-two week low of $14.76 and a fifty-two week high of $27.62.
Community Healthcare Trust (NYSE:CHCT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (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 net margin of 2.75% and a negative return on equity of 0.65%. Research analysts predict that Community Healthcare Trust Incorporated will post 1.85 EPS for the current fiscal 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 given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.88 dividend on an annualized basis and a yield of 11.33%. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's dividend payout ratio (DPR) is -606.45%.
Analyst Ratings Changes
A number of analysts recently weighed in 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 shares of 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. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Community Healthcare Trust currently has a consensus rating of "Hold" and an average target price of $21.00.
Read Our Latest Analysis on CHCT
Insiders Place Their Bets
In related news, Director Cathrine Cotman acquired 3,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was bought at an average price of $17.10 per share, with a total value of $51,300.00. Following the purchase, the director now directly owns 23,861 shares in the company, valued at $408,023.10. The trade was a 14.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by corporate insiders.
Community Healthcare Trust Profile
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Free Report)
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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