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

LDR Capital Management LLC lifted its stake in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 73.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,027 shares of the real estate investment trust's stock after purchasing an additional 60,219 shares during the period. Community Healthcare Trust makes up about 3.1% of LDR Capital Management LLC's holdings, making the stock its 9th biggest position. LDR Capital Management LLC owned 0.50% of Community Healthcare Trust worth $2,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CHCT. Asset Management One Co. Ltd. raised its position in shares of Community Healthcare Trust by 10.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 37,843 shares of the real estate investment trust's stock worth $694,000 after purchasing an additional 3,473 shares during the period. Rhumbline Advisers raised its position in Community Healthcare Trust by 2.4% during the fourth quarter. Rhumbline Advisers now owns 47,909 shares of the real estate investment trust's stock valued at $920,000 after buying an additional 1,125 shares during the period. New York State Common Retirement Fund raised its position in Community Healthcare Trust by 17.3% during the fourth quarter. New York State Common Retirement Fund now owns 220,024 shares of the real estate investment trust's stock valued at $4,227,000 after buying an additional 32,469 shares during the period. Proficio Capital Partners LLC acquired a new position in Community Healthcare Trust during the fourth quarter valued at $229,000. Finally, Anchor Capital Advisors LLC raised its position in Community Healthcare Trust by 3.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 80,457 shares of the real estate investment trust's stock valued at $1,546,000 after buying an additional 2,762 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Cathrine Cotman purchased 3,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was bought at an average price 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 $408,023.10. The trade was a 14.38% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Horn R. Lawrence Van purchased 11,815 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $16.37 per share, with a total value of $193,411.55. Following the purchase, the director now owns 88,502 shares in the company, valued at $1,448,777.74. This represents a 15.41% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.10% of the company's stock.

Community Healthcare Trust Stock Performance

NYSE:CHCT traded down $0.05 during trading hours on Friday, hitting $16.75. 365,565 shares of the company's stock traded hands, compared to its average volume of 298,973. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62. The stock's fifty day moving average price is $16.40 and its two-hundred day moving average price is $17.88. The firm has a market cap of $474.55 million, a P/E ratio of -54.01 and a beta of 0.73.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued 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. Community Healthcare Trust had a negative return on equity of 1.10% and a negative net margin of 4.51%. The company had revenue of $29.73 million for the quarter, compared to analyst estimates of $29.71 million. On average, equities research analysts predict that Community Healthcare Trust Incorporated will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.47 dividend. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a yield of 11.23%. The ex-dividend date of this dividend was Friday, May 9th. Community Healthcare Trust's dividend payout ratio is presently -606.45%.

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.