LDR Capital Management LLC Has $2.58 Million Stock Position in Community Healthcare Trust Incorporated (NYSE:CHCT)

LDR Capital Management LLC boosted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 73.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,027 shares of the real estate investment trust's stock after buying an additional 60,219 shares during the quarter. Community Healthcare Trust makes up 3.1% of LDR Capital Management LLC's portfolio, making the stock its 9th largest position. LDR Capital Management LLC owned 0.50% of Community Healthcare Trust worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHCT. Invesco Ltd. lifted its holdings in Community Healthcare Trust by 1,232.9% during the 4th 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 in the last quarter. Focus Partners Wealth raised its holdings in shares of Community Healthcare Trust by 285.4% in the 4th quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock valued at $14,305,000 after purchasing an additional 551,445 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Community Healthcare Trust by 132.8% in the 4th quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock valued at $12,875,000 after purchasing 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 4th quarter. Phocas Financial Corp. now owns 409,632 shares of the real estate investment trust's stock valued at $7,869,000 after purchasing 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 4th quarter. Kennedy Capital Management LLC now owns 717,342 shares of the real estate investment trust's stock valued at $13,780,000 after purchasing an additional 135,462 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Stock Up 0.7%

Shares of Community Healthcare Trust stock opened at $16.70 on Wednesday. The firm's 50 day moving average price is $16.33 and its 200-day moving average price is $17.92. Community Healthcare Trust Incorporated has a 52-week low of $14.76 and a 52-week high of $27.62. The company has a market cap of $473.28 million, a P/E ratio of -53.87 and a beta of 0.73.

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 for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $29.73 million for the quarter, compared to the consensus estimate of $29.71 million. Community Healthcare Trust had a negative net margin of 4.51% and a negative return on equity of 1.10%. As a group, equities research 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 was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.26%. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is currently -606.45%.

Insiders Place Their Bets

In other Community Healthcare Trust news, Director Cathrine Cotman acquired 3,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the purchase, the director now owns 23,861 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Horn R. Lawrence Van acquired 11,815 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of $16.37 per share, with a total value of $193,411.55. Following the completion of the purchase, the director now owns 88,502 shares in the company, valued at approximately $1,448,777.74. This trade represents a 15.41% increase in their position. The disclosure for this purchase can be found here. 5.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their price target on shares of 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $21.00.

Community Healthcare Trust Company 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.

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