MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $12.37 Million Stock Holdings in Community Healthcare Trust Incorporated $CHCT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Community Healthcare Trust (NYSE:CHCT) by 43.8%, acquiring 207,499 additional shares, bringing its total ownership to approximately 2.40% valued at $12.37 million.
• Community Healthcare Trust recently announced a quarterly dividend increase to $0.4725, representing a 12.0% yield, despite reporting a negative net margin and missing earnings estimates for the last quarter.
• Research analysts have a consensus rating of “Moderate Buy” for CHCT, with price targets ranging from $18.00 to $19.00 following positive ratings by Piper Sandler and Truist Financial.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) by 43.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 681,352 shares of the real estate investment trust's stock after purchasing an additional 207,499 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.40% of Community Healthcare Trust worth $12,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHCT. Hancock Whitney Corp raised its stake in Community Healthcare Trust by 9.3% in the first quarter. Hancock Whitney Corp now owns 16,403 shares of the real estate investment trust's stock valued at $298,000 after buying an additional 1,399 shares during the period. AQR Capital Management LLC boosted its stake in shares of Community Healthcare Trust by 18.6% during the 1st quarter. AQR Capital Management LLC now owns 43,689 shares of the real estate investment trust's stock worth $793,000 after acquiring an additional 6,856 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Community Healthcare Trust by 34.5% during the 1st quarter. Baird Financial Group Inc. now owns 23,934 shares of the real estate investment trust's stock worth $435,000 after acquiring an additional 6,133 shares during the last quarter. Samalin Investment Counsel LLC increased its holdings in shares of Community Healthcare Trust by 8.6% during the 1st quarter. Samalin Investment Counsel LLC now owns 29,274 shares of the real estate investment trust's stock worth $532,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in Community Healthcare Trust by 0.5% in the 1st quarter. Systematic Financial Management LP now owns 1,041,329 shares of the real estate investment trust's stock valued at $18,911,000 after acquiring an additional 5,493 shares during the period. Institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CHCT shares. Zacks Research raised shares of Community Healthcare Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. Piper Sandler restated an "overweight" rating on shares of Community Healthcare Trust in a research note on Monday, August 4th. Finally, Truist Financial reduced their target price on shares of Community Healthcare Trust from $23.00 to $19.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.00.

Community Healthcare Trust Price Performance

NYSE CHCT traded down $0.04 on Friday, reaching $15.70. The stock had a trading volume of 127,016 shares, compared to its average volume of 171,125. The company has a market cap of $445.27 million, a P/E ratio of -40.24 and a beta of 0.69. The firm has a fifty day moving average of $15.67 and a two-hundred day moving average of $16.54. Community Healthcare Trust Incorporated has a 1-year low of $14.20 and a 1-year high of $20.87.

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

Community Healthcare Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.4725 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.89 dividend on an annualized basis and a yield of 12.0%. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is presently -484.62%.

About Community Healthcare Trust

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.