PharVision Advisers LLC Takes $375,000 Position 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) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,510 shares of the real estate investment trust's stock, valued at approximately $375,000. PharVision Advisers LLC owned about 0.07% of Community Healthcare Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHCT. Signaturefd LLC raised its position in shares of Community Healthcare Trust by 136.1% in the 4th 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 during the period. Quarry LP bought a new stake in Community Healthcare Trust in the fourth quarter valued at approximately $88,000. KLP Kapitalforvaltning AS bought a new stake in Community Healthcare Trust in the fourth quarter valued at approximately $108,000. Lazard Asset Management LLC acquired a new stake in Community Healthcare Trust in the fourth quarter worth $163,000. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Community Healthcare Trust during the fourth quarter worth $186,000. Institutional investors own 87.84% of the company's stock.

Community Healthcare Trust Price Performance

Shares of CHCT traded down $0.14 during midday trading on Monday, hitting $15.87. The stock had a trading volume of 159,386 shares, compared to its average volume of 299,023. The firm has a market cap of $449.72 million, a price-to-earnings ratio of -69.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The company has a 50 day simple moving average of $16.72 and a two-hundred day simple moving average of $18.18. Community Healthcare Trust Incorporated has a twelve month low of $14.76 and a twelve month high of $27.62.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $29.73 million during the quarter, compared to the consensus estimate of $29.71 million. Community Healthcare Trust had a negative return on equity of 0.65% and a negative net margin of 2.75%. Analysts forecast 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, May 23rd. Stockholders of record on Friday, May 9th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.85%. The ex-dividend date was Friday, May 9th. This is a positive change from Community Healthcare Trust's previous quarterly dividend of $0.47. Community Healthcare Trust's payout ratio is currently -606.45%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CHCT shares. Piper Sandler lowered their price objective on shares of Community Healthcare Trust from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday. Wall Street Zen upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Community Healthcare Trust has an average rating of "Hold" and an average price target of $21.00.

Insider Transactions at Community Healthcare Trust

In related news, Director Cathrine Cotman acquired 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 acquisition, the director now directly owns 23,861 shares of the company's stock, valued at approximately $408,023.10. The trade was a 14.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by insiders.

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.