PharVision Advisers LLC Invests $375,000 in Community Healthcare Trust Incorporated (NYSE:CHCT)

PharVision Advisers LLC bought a new position in shares of Community Healthcare Trust Incorporated (NYSE:CHCT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,510 shares of the real estate investment trust's stock, valued at approximately $375,000. PharVision Advisers LLC owned approximately 0.07% of Community Healthcare Trust at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of 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 worth $11,597,000 after acquiring an additional 558,384 shares in the last quarter. Focus Partners Wealth raised its position in shares of Community Healthcare Trust by 285.4% during the 4th quarter. Focus Partners Wealth now owns 744,671 shares of the real estate investment trust's stock worth $14,305,000 after acquiring an additional 551,445 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Community Healthcare Trust by 132.8% during the fourth quarter. Nuveen Asset Management LLC now owns 670,215 shares of the real estate investment trust's stock worth $12,875,000 after purchasing an additional 382,324 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Community Healthcare Trust by 23.3% in the fourth 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. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Community Healthcare Trust by 58.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 360,532 shares of the real estate investment trust's stock valued at $6,926,000 after purchasing an additional 133,482 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $21.25.

Community Healthcare Trust Stock Performance

CHCT opened at $16.59 on Wednesday. Community Healthcare Trust Incorporated has a one year low of $14.76 and a one year high of $27.62. The stock has a market capitalization of $470.13 million, a P/E ratio of -72.13, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The business's 50-day simple moving average is $16.87 and its 200-day simple moving average is $18.25.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. The firm had revenue of $29.73 million during the quarter, compared to analysts' expectations of $29.71 million. On average, 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 declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.47 per share. The ex-dividend date is Friday, May 9th. This is an increase from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a dividend yield of 11.33%. Community Healthcare Trust's dividend payout ratio (DPR) is currently -606.45%.

Insider Activity

In related news, Director Cathrine Cotman acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. Following the completion of the acquisition, the director now owns 23,861 shares in the company, valued at approximately $408,023.10. This represents a 14.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.